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AMA: Bill Gates

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Re: AMA: Bill Gates

#141
post #14

Earlier quoted context omitted.

I skimmed the AMA for a few minutes, and saw him say that: - He thought nuclear weapons, bioterrorism, and climate change were the biggest threats to humanity. - He thought paying $10B in capital gains taxes was not enough and he should have paid more. Maybe those are platitudes but it's real enough for me.

He thought paying $10B in capital gains taxes was not enough and he should have paid more. I'm always annoyed when rich people say things like this. I had one say almost this exact thing to me in an elevator once. There's nothing stopping him from paying more. He just writes a check to "Department of the Treasury" and sends it off to D.C. Problem solved. But then he doesn't get to passive-aggressively whine about all…

You're talking about a guy whose full time job for the last 10 years and remainder of his working life is spending his fortune for the benefit of mankind

Re: AMA: Bill Gates

#142
post #83
post #22

Earlier quoted context omitted.

And yet... how many other billionaires do you see going out and saying that the capital gains tax rate is too low and climate change is the biggest threat to humanity.

Buffett has been beating the "higher taxes for rich people" drum at least since the 2008 recession, maybe longer. He won't actually open his wallet to push for these policies mind you. That would be a bridge too far.

Would his money be better spent lobbying politicians largely by swelling their campaign war chests, or directly funding charitable causes?

Re: AMA: Bill Gates

#143
post #131

Hot take: Bill Gates is massively underrated today, compared to how he will be viewed by history. When the reckoning of history books happens, I could see him in the running for “most positive social influence of anyone 1800-2100”. His humanitarian work is second to none and we can expect 20+ more years of his direct influence on global policy. The world is a better place thanks to Mr and Mrs Gates.

Not really. You look at Andrew Carnegie who has a similar history, and even a hundred years out, no one cares. People like Einstein and Picasso are who lasts. No one really gives a shit about businessmen, regardless of their philanthropy.

Carnegie was worth only $5 billion in inflation-adjusted dollars. Gates is worth $100 billion, so we can expect him to have a philantropic impact 20 times greater.

Re: AMA: Bill Gates

#144

Hot take: Bill Gates is massively underrated today, compared to how he will be viewed by history. When the reckoning of history books happens, I could see him in the running for “most positive social influence of anyone 1800-2100”. His humanitarian work is second to none and we can expect 20+ more years of his direct influence on global policy. The world is a better place thanks to Mr and Mrs Gates.

People who extract billions in economic rents from society, then return some of those rents, are the real heroes.

Re: AMA: Bill Gates

#145
post #22

Earlier quoted context omitted.

And yet... how many other billionaires do you see going out and saying that the capital gains tax rate is too low and climate change is the biggest threat to humanity.

A lot? I know Warren Buffett has similar views, and I've seen other very wealthy liberals claim taxes and climate change were big concerns. When people get very wealthy, they seem to think less about their finances and more about their legacy and public perception, and honestly when you're that wealthy, you have so much that taxes don't really matter anymore. There are a lot of very wealthy philanthropists, and I thi…

Some do, some don’t. Bill and Warren are of course prominent examples of billionaire philanthropists.

Conversely I could name on famous multimillionaire frequently in the news these days, that has a track record of treating charitable foundations as tax dodging piggy banks. So there are all sorts.

Re: AMA: Bill Gates

#146
Can anyone point to a list of problems the Gates foundation has solved through program(s) it has funded?

Edit: took out some things about Gates and the dual nature of his work at Microsoft and the Gates Foundation.

Re: AMA: Bill Gates

#147

Earlier quoted context omitted.

Completely agree with you, although I'm not sure how much of 'Hot take' that is.

Definitely not a "hot take" but there are certainly a lot of users on here who would argue otherwise. A lot of older programmers who were well into their careers during Microsoft in the 90's seem to have a different opinion of Bill and his business practices.

The irony is that ultimately Gates and MS did relatively little significant or lasting damage to the world, and FOSS eventually took over many important parts of global infrastructure.

Afterwards, Gates went on to create the most effective and well-funded philanthropy since the Carnegie Foundation, eradicated Malaria, etc. While his former competitors spent their riches on superyachts and the like.

Re: AMA: Bill Gates

#148
post #81

Earlier quoted context omitted.

He thought paying $10B in capital gains taxes was not enough and he should have paid more. I'm always annoyed when rich people say things like this. I had one say almost this exact thing to me in an elevator once. There's nothing stopping him from paying more. He just writes a check to "Department of the Treasury" and sends it off to D.C. Problem solved. But then he doesn't get to passive-aggressively whine about all…

It's really, really simple, to the point where I suspect that most people that make the argument you are making are being disingenuous. Bill Gates is willing to pay more taxes if other billionaires pay more taxes. If they don't, he isn't. Just like I think my taxes should be higher, but I'm not going to voluntarily pay higher taxes, unless others in my tax bracket also pay them. Even chimpanzees would probably unders…

the person you're replying to will probably never agree with you because the idea of everybody individually contributing the taxes that they desire to pay to accomplish the means they desire to accomplish is a core part of hardcore libertarianism. It's like trying to argue with an antivaxxer.

Re: AMA: Bill Gates

#149
post #143
post #131

Earlier quoted context omitted.

Not really. You look at Andrew Carnegie who has a similar history, and even a hundred years out, no one cares. People like Einstein and Picasso are who lasts. No one really gives a shit about businessmen, regardless of their philanthropy.

Carnegie was worth only $5 billion in inflation-adjusted dollars. Gates is worth $100 billion, so we can expect him to have a philantropic impact 20 times greater.

$372 billion for Carnegie in 2014 dollars: http://money.com/money/3977798/the-10-richest-people-of-all-...

3x gates.

Re: AMA: Bill Gates

#150
post #146

Can anyone point to a list of problems the Gates foundation has solved through program(s) it has funded? Edit: took out some things about Gates and the dual nature of his work at Microsoft and the Gates Foundation.

it's almost like you've never read a single thing about the organization. nearly every annual letter and report details their impact.
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