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I've seen this video before. He has either read about and reworked or else independently come up with Pascal's Wager, used to show that the possible gains of believing in God outweigh the possible losses. Pascal's flaw is that it assumes that you choose the correct religion, and that God or equivalent rewards belief.
Here, the flaw is that it assumes that taking action now will make any difference, and assumes that there is only one course of action, though in reality there are many, some of which will be less effective than others.
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That's certainly true, but the point is that taking any action is better than taking none at all.