That's exactly what "effective altruism" means. It's just philosophical marketing to dress the basest selfishness as altruism. Google the phrase up the next time you feel you have too much faith in humanity.
If that’s not how you personally define Effective Altruism, then what name would you give to the concept I just described?
Effective altruism plays the game where you can say "What's better, to give $10 today, or should I invest that $10 and then give it away when I die?" It's all about coming up with scenarios like this where you can justify selfishness because "eventually, the amount of good I'll do will pay off".
It's popular with the rich and famous because they can justify building huge empires and hording large amounts of resources (while spending a bit on themselves of course) because, some day, they'll give back what they made.
It's quiet literally the philosophy SBF used in the FTX fiasco to justify setting up a ponzie scheme.
All of this seems to have little resemblance to what I see in the EA community. Specifically, I'm seeing many EA organizations doing good in the now and present (eg. malaria nets), and have never heard of any EA organizations advocating people to invest money so they can donate money.
>It's quiet literally the philosophy SBF used in the FTX fiasco to justify setting up a ponzie scheme.
You don't see the issue of using a single person to paint an entire movement, especially since the movement explicitly disavows illegal actions to raise money?
> Effective altruism is a research field and practical community that aims to find the best ways to help others, and put them into practice.
Doesn't sound that bad.