This hits on the problem with "Effective Altruism" — it is exactly the bad form of utilitarian thinking.
It seems purely about reallocating some wealth from the rich to the poor. That's nice, but it's only treating the symptoms and ignoring many other factors that influence human flourishing, such as an individual's ability to improve their own circumstances (instead of waiting for a generous benefactor to give them some cash). Surely addressing poverty involves systemic changes, not just charity. And besides, charity can also have a negative utility, feeding feelings of inferiority in the receiver and leading to resentment.
It seems purely about reallocating some wealth from the rich to the poor. That's nice, but it's only treating the symptoms and ignoring many other factors that influence human flourishing, such as an individual's ability to improve their own circumstances (instead of waiting for a generous benefactor to give them some cash). Surely addressing poverty involves systemic changes, not just charity. And besides, charity can also have a negative utility, feeding feelings of inferiority in the receiver and leading to resentment.