On Fri, 2008-05-02 at 09:24 +0200, Dave Long wrote: > which follows by exactly the same logic: the "more" money you may > give later is, when discounted to net present value, the same as the > amount you could give now.
well, except that the children you want to donate money to now may not be around to need it later... frankly, unless you're a whiz with investment (like the childrens investment fund [1]) it makes sense to donate money now rather than invest it and donate the returns. the recipient can decide whether it's better to invest it and use the returns, or use the money directly. -rishab 1. http://www.economist.com/people/displaystory.cfm?story_id=9469076
