Building a foundation for space settlement
by Sam Dinkin
|If we could get giving toward space related causes up to 1% of giving, it would be $2.5 billion a year toward space.|
If everyone in the world gave a space foundation $85 when they died, it would result in $6 billion a year. If the entire economy were capitalized at a 5.5% interest rate, we would have the world worth $1,000 trillion. If that were all privatized, it would all turn over after 85 years. That’s about $12 trillion a year in wealth turnover even if no one gives anything before they die. Mostly what we are giving our children is access to an education and a wonderful world that is not particularly capitalized. Overall giving is closer to $250 billion, with only a small percentage of it as charitable bequests.
If we could get giving toward space related causes up to 1% of giving, it would be $2.5 billion a year toward space. While it is not the $36 billion that would be donated to space activities if space got 1% of bequests that make up 29% of estates worth $12 trillion if the world were fully capitalized, it is still a good chunk of change. That’s enough to nearly double launch industry revenue if it were put to that. If it were put half to launches and half to payloads, it would still increase demand 50%.
While only one-sixth as important as lobbying NASA to spend its $16 billion a year wisely, trying to get boomers (and their parents) to give a portion of their estate to space causes is a clearer field. My guess is that space causes are getting nowhere near that much in donations.
As the world economy continues to grow at 5% a year and the world becomes increasingly better capitalized, donations will rise. I’ll start a Moon colony foundation if no one else does too quickly.