Peter Singer explains how Bill Gates and Warren Buffett are changing the world like no other humans in history.

Peter Singer: Bill Gates has set an amazing example in terms of the amount of money that he has donated to philanthropy, but perhaps even more important, the concern that he's had to make sure that this money does the most good it possibly can.

And on top of that, Warren Buffett has then realized that his friend Bill Gates is doing this, that he's putting a lot of effort into making sure that his money does the most good, and so Buffett as well has donated most of his fortune to The Gates Foundation.

And this not just in dollar terms, but even in inflation-adjusted dollar terms, this is the largest philanthropic donation in history. It even outstretches that of Andrew Carnegie or John D. Rockefeller.

So I’m really impressed by this and I'm impressed by the fact that the Gates in particular and Melinda Gates I should mention as well, have both made it their life's work to really try to help people in poverty, to really live up to the idea that every human life has equal value whether it's the life of an impoverished person in a developing country or the life of one of their fellow Americans.

When I talk about how effectively we can give and how we can save lives at the relatively small cost to ourselves, the obvious question the people ask, is, “Well, how much is enough? What's what's the stopping point, right?” I can give enough, for example, to save a life quite easily and that wouldn't involve much sacrifice, or really any sacrifice to my lifestyle.

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