Second, my concept ... essentially, borrowing money from your future self for something with a postive ROI expectation value.
Economists can (OK, do) roughly value certain life milestones, such as the increase in lifetime earnings for finishing high school (for the sake of this discussion, let's use $500K for that number). They also believe that certain goals (e.g. passing grades for a semester) can be cash-incentivized. So you let an individual borrow a portion of their future benefit (10%? $50K buys a lot of incentive from a HS student) in the present, with a promise to repay that over a very long time period at a very low interest rate (something that works out to about 20% in total repayments, before factoring inflation, if I had to peg it to something for the sake of argument). A website would have a schedule of incentive schemes, possibly scaled by degree-of-difficulty (passing grades being tougher for weaker students, e.g.), and upon meeting the short-term milestones of that goal, and the final goal itself, incentives would be paid out. This could apply to any process that has a {present value of all future returns} greater than the amount needed to repay: reduced medical costs for weight reduction and smoking-cessation, job certifications (passing a CPA or actuarial exam), time off from work to acquire a work-related skill, cost of improving a home/installing energy-reducing features, etc. Yeah, some of those may not work, but I'm sure there's no shortage of quantifiable processes or goals with a positive future ROI. & I can see that measurement could be tricky, but in the school example we could have schools sign on to the program, in the certification example we get a copy of the certification from the certifying body, etc.
There's an additional monetary multiplier, in that the younger version (the borrower) is almost certainly in a lower income bracket than the older version (the lender), and the money is valued more highly ... I'd happily give $20 inflation-adjusted dollars (a pittance now) to my younger self just to go have fun with (who felt $20 was a lot of money), even taking into account that I wish I'd worked/studied harder when I was younger so I could coast more now. And when it comes time to repay the loan, the fact that I am effectively repaying myself might reduce deadbeatedness.
Of course, not everyone will repay their loans, and the payoff in this venture would be very long-term. So who would provide the seed money for this until repayments match outlays? Well:
Please proceed to poke holes/refine. thnx. -b.
Isn't this just the same as Hanson's idea on investors giving out student loans in exchange for return from future income, but with caps on totals?
SUMMARY: Let's collect people who want to work on for-profit companies that have significant positive impacts on many people's lives.
Google provides a huge service to the world - efficient search of a vast amount of data. I would really like to see more for-profit businesses like Google, especially in underserved areas like those explored by non-profits GiveWell, Singularity Institute and CFAR. GiveWell is a nonprofit that is both working toward making humanity better, and thinking about leverage. Instead of hacking away at one branch of the problem of effective charity by working on one avenue for helping people, they've taken it meta. They're providing a huge service by helping people choose non-profits to donate to that give the most bang for your buck, and they're giving the non-profits feedback on how they can improve. I would love to see more problems taken meta like that, where people invest in high leverage things.
Beyond these non-profits, I think there is a huge amount of low-hanging fruit for creating businesses that create a lot of good for humanity and make money. For-profit businesses that pay their employees and investors well have the advantage that they can entice very successful and comfortable people away from other jobs that are less beneficial to humanity. Unlike non-profits where people are often trying to scrape by, doing the good of their hearts, people doing for-profits can live easy lives with luxurious self care while improving the world at the same time.
It's all well and good to appeal to altruistic motives, but a lot more people can be mobilzed if they don't have to sacrifice their own comfort. I have learned a great deal about this from Jesse and Sharla at Rejuvenate. They train coaches and holistic practitioners in sales and marketing - enabling thousands of people to start businesses who are doing the sorts of things that advance their mission. They do this while also being multi-millionaires themselves, and maintaining a very comfortable lifestyle, taking the time for self-care and relaxation to recharge from long workdays.
Less Wrong is read by thousands of people, many of whom are brilliant and talented. In addition, Less Wrong readers include people who are interested in the future of the world and think about the big picture. They think about things like AI and the vast positive and negative consequences it could have. In general, they consider possibilities that are outside of their immediate sensory experience.
I've run into a lot of people in this community with some really cool, unique, and interesting ideas, for high-impact ways to improve the world. I've also run into a lot of talent in this community, and I have concluded that we have the resources to implement a lot of these same ideas.
Thus, I am opening up this post as a discussion for these possibilities. I believe that we can share and refine them on this blog, and that there are talented people who will execute them if we come up with something good. For instance, I have run into countless programmers who would love to be working on something more inspiring than what they're doing now. I've also personally talked to several smart organizational leader types, such as Jolly and Evelyn, who are interested in helping with and/or leading inspiring projects And that's only the people I've met personally; I know there are a lot more folks like that, and people with talents and resources that haven't even occurred to me, who are going to be reading this.
Topics to consider when examining an idea:
An example idea from Reichart Von Wolfsheild:
A project to document the best advice we can muster into a single tome. It would inherently be something dynamic, that would grow and cover the topics important to humans that they normally seek refuge and comfort for in religion. A "bible" of sorts for the critical mind.
Before things like wikis, this was a difficult problem to take on. But, that has changed, and the best information we have available can in fact be filtered for, and simplified. The trick now, is to organize it in a way that helps humans. which is not how most information is organized.
Collaboration
Finally: If this works right, there will be lots of information flying around. Check out the organization thread and the wiki.