Discounting
Did you know that your children are regularly given the value of slaves; your grandchildren even worse? Under the US Constitution of 1787, an African-American slave was assigned three-fifths of the value of a free white person when calculating congressional representation. Today, governments and business typically apply a 3% discount rate to investments. Hence an investment that would benefit 100 people today is thought to only benefit 60 people after 17 years, 23 people after 50 years and 5 people after 100 years, even if that investment has long term benefits, such as planting a forest or scaling renewables.
— Wayne Visser
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From Purpose Inspired: Reflections on Conscious Living, Volume 5. Buy on Lulu ↗