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Bill & Linda Gates Foundation, redux

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  • User profile image
    JohnAskew

    By now you've all heard that Warren Buffet is donating 30 Billion to the Bill & Linda Gates Foundation.

    He was quoted to say that he was happy to find "two of the very brightest" to leave his fortune with.

    I am very happy these people occupy themselves this way; it is the only real "trickle-down" anyone will ever see in economics.

    Imho, all Microsoft bashers need to counter their venom with the actions of the Gates Foundation.

    Vanderbilt was never such a conscientious mogul.

    This Foundation is a shining light atop the hill of Capitalism. Revere.

    [A]

  • User profile image
    Manip

    An interesting question is, what would you do with that money?

    Cure aids? World hunger? Easily treatable, but deadly world disease? Social projects in the US (e.g. poor kids get a sports centre)? Stop war somehow?


  • User profile image
    erik_

    Just saw the press conference on cnn.

    I like the idea Warren Buffet has about leaving money to his childeren. Give them enough to do something, but not too much to do nothing.

    Bill and Melinda both look like they love what they do, it's fun to them! I don't think they got time to lisen to people that call them names, they put there energy in the foundation and not in lisening to useless cr*p from the bashers.

  • User profile image
    troposphere

    JohnAskew wrote:
    By now you've all heard that Warren Buffet is donating 30 Billion to the Bill & Linda Gates Foundation.

    He was quoted to say that he was happy to find "two of the very brightest" to leave his fortune with.

    I am very happy these people occupy themselves this way; it is the only real "trickle-down" anyone will ever see in economics.

    Imho, all Microsoft bashers need to counter their venom with the actions of the Gates Foundation.

    Vanderbilt was never such a conscientious mogul.

    This Foundation is a shining light atop the hill of Capitalism. Revere.



    The foundation is a tribute to the greatness of capitalism.  Communist states cannot even feed their own populations, much less contribute 30 billion dollars to feed other countries' populations.  So capitalism IS the shining light.

  • User profile image
    Harlequin

    blatzcoder wrote:
    Was this a gift, a tax writeoff between buddies, or due to poker winnings? Or, uh, I mean bridge winnings?


    It's a stock donation. First batch will be 500,000 shares of his holdings company, worth $1.5B

  • User profile image
    XCode

    He should save up his money and buy the rest of America, then donate the land to the US government. But, that's just how I'd spend my money.

  • User profile image
    Minh

    Don't count your chickens...

    Oracle's Ellison Stalls Harvard

    Larry Ellison, the billionaire CEO of software giant Oracle, has yet to follow through on an assurance he made a year ago to donate $115 million to Harvard University.

    "To date, a gift agreement has not been signed," says Sarah Friedell, director of media relations for Harvard's Office of Alumni Affairs and Development.

    ...

  • User profile image
    Ion Todirel

    troposphere wrote:
    
    JohnAskew wrote: By now you've all heard that Warren Buffet is donating 30 Billion to the Bill & Linda Gates Foundation.

    He was quoted to say that he was happy to find "two of the very brightest" to leave his fortune with.

    I am very happy these people occupy themselves this way; it is the only real "trickle-down" anyone will ever see in economics.

    Imho, all Microsoft bashers need to counter their venom with the actions of the Gates Foundation.

    Vanderbilt was never such a conscientious mogul.

    This Foundation is a shining light atop the hill of Capitalism. Revere.



    The foundation is a tribute to the greatness of capitalism.  Communist states cannot even feed their own populations, much less contribute 30 billion dollars to feed other countries' populations.  So capitalism IS the shining light.
    no its not, and never been, capitalism its all about money only money nothing more nothing less, in this course you may lose your soul. Capitalism is bad. Btw comunism was great but bad implemented. Bill & Linda Gates Foundation is just a exception, or maybe not.

  • User profile image
    scobleizer

    The thing that communism didn't get is that people work harder when motivated. Communism just wasn't that motivating. I'd rather go to the beach. Capitalism holds a reward out there for working harder. Maybe some get it, maybe some don't, but it's out there so more people work harder under this system.

    If you don't understand how people think and how they'll keep adding value to society over time you'll never grok why capitalism works and continues to do so.

  • User profile image
    raymond

    Ion Todirel wrote:
    
    troposphere wrote: 
    JohnAskew wrote: By now you've all heard that Warren Buffet is donating 30 Billion to the Bill & Linda Gates Foundation.

    He was quoted to say that he was happy to find "two of the very brightest" to leave his fortune with.

    I am very happy these people occupy themselves this way; it is the only real "trickle-down" anyone will ever see in economics.

    Imho, all Microsoft bashers need to counter their venom with the actions of the Gates Foundation.

    Vanderbilt was never such a conscientious mogul.

    This Foundation is a shining light atop the hill of Capitalism. Revere.



    The foundation is a tribute to the greatness of capitalism.  Communist states cannot even feed their own populations, much less contribute 30 billion dollars to feed other countries' populations.  So capitalism IS the shining light.
    no its not, and never been, capitalism its all about money only money nothing more nothing less, in this course you may lose your soul. Capitalism is bad. Btw comunism was great but bad implemented. Bill & Linda Gates Foundation is just a exception, or maybe not.



    I suggest you read Robert Conquest's The Great Terror, if you think communism was great. 

    Not for the millions that were executed or died in the prison camps.
     
    The communist and socialist left are morally corrupt and intellectually bankrupt. wake up.

    http://en.wikipedia.org/wiki/Robert_Conquest

    http://en.wikipedia.org/wiki/The_Great_Terror

    http://en.wikipedia.org/wiki/Democide

    http://en.wikipedia.org/wiki/Mao:_The_Unknown_Story

    I think we now know why Bill Gates will devoting more time to his Foundation. 

    I hope he is as wise as he is intelligent.
     
    He will need both to succeed.

    Our prayers are with him.

  • User profile image
    jason818_25​3.33

    scobleizer wrote:
    The thing that communism didn't get is that people work harder when motivated. Communism just wasn't that motivating. I'd rather go to the beach. Capitalism holds a reward out there for working harder. Maybe some get it, maybe some don't, but it's out there so more people work harder under this system.

    If you don't understand how people think and how they'll keep adding value to society over time you'll never grok why capitalism works and continues to do so.


    Does it work? define "works". Im not saying it doesnt, it probably does what its designed to do.

    Is there any thing better than capatalism? Is capatalisme the all, the be all and end all of an economic system? Does it at all favore those born into oportunity? is every ones opertunity the same? does it level the "playing field" for those born into economic hard ship? is every one born with the same capasitys, talents and skills, alowing them to grow in an open capatalistic market? Generally speaking, are those who have disability able to  acheave the same rewards as some one with out a disability?and then finally, does a person with a geniouse IQ desearve more reward than those who have a learning disability or some type of mental hindarent, when they both work equally as hard? simply stated - should a developer who sits at a computer make more money than the person who takes out their trash? 

    Is some ones time in this life truelly more valuable than anothers?

    These are some questions i ask my self and i have yet to come up with a viable solution. Im still working on it.

    I think capatalisme is great. heck i live in america, how can i complain? im not convinsed that it cant be improved upon. Then again maybe its not a matter of an economic system per say but rather the nature of people and impoving on that. i just have so many questions. Smiley

  • User profile image
    leighsword

    Ion Todirel wrote:
    
    troposphere wrote: 
    JohnAskew wrote: By now you've all heard that Warren Buffet is donating 30 Billion to the Bill & Linda Gates Foundation.

    He was quoted to say that he was happy to find "two of the very brightest" to leave his fortune with.

    I am very happy these people occupy themselves this way; it is the only real "trickle-down" anyone will ever see in economics.

    Imho, all Microsoft bashers need to counter their venom with the actions of the Gates Foundation.

    Vanderbilt was never such a conscientious mogul.

    This Foundation is a shining light atop the hill of Capitalism. Revere.



    The foundation is a tribute to the greatness of capitalism.  Communist states cannot even feed their own populations, much less contribute 30 billion dollars to feed other countries' populations.  So capitalism IS the shining light.
    no its not, and never been, capitalism its all about money only money nothing more nothing less, in this course you may lose your soul. Capitalism is bad. Btw comunism was great but bad implemented. Bill & Linda Gates Foundation is just a exception, or maybe not.

    Dream always is great and beautiful, but... I don't think Capitalism is bad, look back the history, the fact was proved that Capitalism is the right way for all of us, maybe there would be another more modern system in the furture, but not and never be the stupid Commuism idea. Today, the Capitalism and Commuism concept is not important as we think, why North America is richer than South America much? that's because South America workers are cheap, and people in there don't respect workers rights. Chinese has a good traditional habit in work, but the evil government would like to do something makes people think they can gain from no pain, and the evil education system used to create more cheaper workers.

  • User profile image
    sbc

    Capitalism is greed orientated. People wanting power, money, fame etc. It does make life easier for those in capitalist countries and enables them to do more of what they want (play sports, video games, reading/writing etc).

    It is really to the detriment of the environment and other species though (cutting down rainforests for wood and burgers (land for livestock)). If the whole world was capitalist, it would be a disaster. I'd hate to imagine China becoming a consumer society.

    The rich wouldn't exist without the poor..

  • User profile image
    leighsword

    sbc wrote:
    Capitalism is greed orientated. People wanting power, money, fame etc. It does make life easier for those in capitalist countries and enables them to do more of what they want (play sports, video games, reading/writing etc).

    It is really to the detriment of the environment and other species though (cutting down rainforests for wood and burgers (land for livestock)). If the whole world was capitalist, it would be a disaster. I'd hate to imagine China becoming a consumer society.

    The rich wouldn't exist without the poor..

    Right, the rich is relatively, and no one can prove Einstein's relatively is wrong yet. In my option, the current define of poor is people are worry about their health and education, if they are 'rich', then they can focus on earning the respect from others, and create more and more new and cool stuffs, in that time, there are still many 'poor' people who can not create something the market required in the world. I hope Bill & Linda Gates Foundation can invest their money on Chinese health and education, especially in education.

  • User profile image
    leighsword

    I love kids, and I want a kid in the future. China has beautiful mountains and clarity water, US got nothing, but sometimes I think I should save the money for send my kid study in US, because Chinese education system is poor with high tuition.

  • User profile image
    eagle
  • User profile image
    sbc

    I do like the idea of microlending. Small loans to poor people (3rd world standard, not 1st) without compound interest so they don't have to worry about paying back in a short time scale. Sure, there may be some that could end up not being able to pay back, but I think most will.

  • User profile image
    ScanIAm

    Minh wrote:
    Don't count your chickens...

    Oracle's Ellison Stalls Harvard

    Larry Ellison, the billionaire CEO of software giant Oracle, has yet to follow through on an assurance he made a year ago to donate $115 million to Harvard University.

    "To date, a gift agreement has not been signed," says Sarah Friedell, director of media relations for Harvard's Office of Alumni Affairs and Development.

    ...



    I, ScanIAm, will donate my first trillion to the poor Smiley

    Of course, i'm keeping my money till I make a trillion ....

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