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Melinda Gates Resigns from Bill and Melinda Gates Foundation

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Re: Melinda Gates Resigns from Bill and Melinda Gates Foundation

#2
I would imagine it's difficult to stay deeply involved in something like that with one's ex.

People get divorced for many reasons but generally they don't want to be around each other any more and being co-chairs of a big foundation would make that pretty impossible. Business (or charitable) partnerships are like marriages in a lot of ways.

Re: Melinda Gates Resigns from Bill and Melinda Gates Foundation

#3

I would imagine it's difficult to stay deeply involved in something like that with one's ex. People get divorced for many reasons but generally they don't want to be around each other any more and being co-chairs of a big foundation would make that pretty impossible. Business (or charitable) partnerships are like marriages in a lot of ways.

I've heard (in the worst kind of hearsay way) from people that are only distantly in the Microsoft/Non-profit circle that Melinda could be largely credited for getting Bill to take philanthropy seriously.

If true, that in itself has done a lot of good for the world.

Re: Melinda Gates Resigns from Bill and Melinda Gates Foundation

#8

[flagged]

> Given the lack of taxes, Americans have effectively subsidized this charity.

This is a common but bad take.

Firstly, there are a lot of taxes still involved. The Gates foundation still pays salary tax and sales tax and property tax and etc.

More importantly, had the funding remained parked in a savings account or stock portfolio without being realized, it would have been completely dead to the economy and untaxed. So there's probably a net positive to taxpayers to give people ways to unload their assets.

> we haven’t gotten anything particularly valuable out of the gates foundation

There could be an argument that the 501(c) tax code is too generous, but I don't think people are probably thinking through the implications of "qualifying" non-profits. If you made every non-profit prove that they were creating value, and also make them subject to taxation on all contributions, you would be effectively wiping out things like open-source software projects or Wikipedia, let alone your normal NGOs and community charities.

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