Peter Singer

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866 appearances 5 recordings 3 series first heard Nov 2020 last heard 20 Apr

Peter Singer’s voice in public audio — every appearance, attributed to the second.

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Australian Finance Podcast · Making effective donations to charity with Peter Singer · 8 Nov 2020 podcast

Um,

I have a table at the back, kind of appendix, which is a bit like tax tables in that I'm suggesting a percentage that you give that increases as your income increases.

Because as your income increases, obviously, you can afford to give a higher percentage of that income.

So I start out with just 1% for people earning around $40,000.

And I go up to giving away a third of your income for people who are

you know, seriously wealthy, earning, let's say, a million dollars or something.

And of course, you know, one could say, well, somebody earning a million dollars could give away two thirds of their income and still have quite a lot of money to live on, right?

Why just one third?

So what I'm trying to do here is to find amounts that I don't think anybody could say is a really serious sacrifice to their quality of life.

And yet, when you add up, you know, what we would raise if people gave this,

it's vastly larger than the amounts of money that are given to help people in extreme poverty at present.

And I think it's enough to say if it was used wisely, we would have a good chance of, I wouldn't say eliminating, but reducing extreme poverty to small pockets rather than to the 750 million or so people who the World Bank says are in extreme poverty today.

Well, I think the answer to that is by donating to societies where the impact has been verified as being very good value for the dollars you're giving.

And there's two things to think about there.

You just mentioned the percentage that actually goes to the project rather to administration or further fundraising.

And of course, in some cases, if 50% is going for administration,

you know, that's probably not going to be very good value.

But on the other hand, as anybody who's run a business knows, you need to have some administration to make the business run efficiently itself.

And if all that people think about is how low is the proportion that goes on administration and fundraising, then they're going to put pressure on organisations to cut their staff to the point where even if they can say 90% of what we raise goes to the low-income country,

They can't say that it's actually doing what we want it to because they don't have the staff to supervise and check up that it is doing what we want it to.

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