11–20 of 224 posts
The problem is a charity paying off your debt does not make your credit better. While its slightly better than a writeoff/forgiveness because the creditor isn't as angry, it still shows they can't pay back loans. Is a future creditor going to count on a charity showing up to pay them off?
Moral hazard?
Second, the money was used to fight polio, a terrible disease. Moral hazard would be Nigerians driving Ferraris purchased by Melinda and Bill. This is not that.
If the Gates want to eliminate such diseases, they must be elated to see effective programs spending their money to do it.
This is awesome and it's inspiring to see the Gates' making huge moves in philanthropy. It makes me wonder what the philanthropy would look like if other business leaders like Warren Buffet were also to run major charitable institutions.
Moral hazard?
This is awesome and it's inspiring to see the Gates' making huge moves in philanthropy. It makes me wonder what the philanthropy would look like if other business leaders like Warren Buffet were also to run major charitable institutions.
Edit: Downvotes? Legitimate question guys. Can someone explain how that works?
Moral hazard?
Earlier quoted context omitted.
I think this is more related to Gates trying to eradicate polio and showing that he's even willing to incentivize countries that can handle the distribution to do so themselves.
Nevertheless, third parties paying off debt encourages the acquisition of more debt.
This is awesome and it's inspiring to see the Gates' making huge moves in philanthropy. It makes me wonder what the philanthropy would look like if other business leaders like Warren Buffet were also to run major charitable institutions.
>Nigeria’s debt to Japan is the result of Overseas Development Assistance (ODA) provided by the Japanese government in 2014 for increased polio eradication. efforts.
>The country has made great strides in its efforts to eliminate the disease thanks to this funding.
>Nigeria did not record a wild case of polio from July 2014 to August 2016, when two cases were reported.
Presumably, the Gates Foundation wants to encourage state partnerships from nations like Japan in the service of eradicating solved diseases, regardless of a recipient nation's ability or willingness to settle incurred debts.
Money well spent.