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Bill and Melinda Gates on income inequality

Discussion in 'The War Room' started by __Big_D__, Jan 22, 2015.

  1. __Big_D__ Black Belt

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  2. Luger Rabbi of Platinum Nation Banned

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    The system is pretty messed up when the top 1% keep sucking in like a blackhole, the money from the rest at a faster rate every year.

    When pointed out that something is very wrong "we may or may not give something back"

    Kind people.
     
  3. ultramanhyata Reclimbing Like Mountain

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    He's got Bono's approval - and that's good enough for me. Bill Gates is almost like a 21st century Gandhi. The 99% are in good hands.
     
  4. Cubo de Sangre President of the War Room

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    Governments haven't conquered poverty so I'm not sure philanthropy could be expected to. At least with philanthropy you've got a better chance the money is going to a good cause rather than war or graft of some sort. :)

    But if people want to tax the shit out of billionaires I'm not going to lose sleep over it.
     
  5. __Big_D__ Black Belt

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    Fully agree. The two of them are pretty amazing.

    Doesn't this mean the problem should be fixed at the government level, through taxation as opposed to philanthropy?
     
  6. TheyAreSurfers Let Me Get One Wave

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    I have mixed feelings about Gates. Absurdly rich on 1 hand, but actually invented and developed something that benefits most of the world. Does do a lot of philantropy.

    But has been guilty of trying to monopolize the market. New Microsoft editions is getting ridiculous. I like Word 7 just fine.
     
  7. Gref Scumdog Platinum Member

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    I don't think it's really a spin on trickle down economics. It's not Bill's problem that 50% of all wealth is/will be held by 1% of people. He could have just said, "How is that my fucking problem?"

    Edit: I'm not saying it isn't a problem. I'm just saying Bill Gates probably doesn't care.
     
  8. alexdlrg Brown Belt

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    What do you think Bill Gates invented?
     
  9. Rod1 Titanium Belt

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    LOL, most charities are just scams
     
  10. Lee978 Seeking Alpha

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    I'm sure a lot of them are but the ones that aren't scams will have a bigger incentive of making sure their donations are actually going to the individuals its meant to. Governments consistently fail at this.
     
  11. The Clamburglar Burglin' is my game.

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    If all billionaires were like Bill Gates, then he would have a point. Unfortunately, that is not the case.
     
  12. BearGrounds A great many scalps.

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    Why am I not surprised that his example centered around feeding children into the college system, as if it's still some sort of guaranteed ticket to prosperity. Most graduates I know are in debt. But I digress.

    Philanthropy won't fix the social system or the inequality.
     
  13. 2DUM2TAP Silver Belt

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    If everyone has a degree then the separation and differentation between potential candidates doesn't exist. Everyone having degrees doesn't create more high paying jobs unless you teach at a university, just more debt.

    If everyone is special then no-one is.
     
  14. SolidIce Purple Belt

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    Philanthropy works if you donate large amounts, but most rich people i doubt donate even 1% of their income. Gates is one of the few exceptions to this
     
  15. Nobody is stopping Bill Gates from giving all of his money away.

    [​IMG]
     
  16. OldGoat Red Belt

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    The rich also pay most of the taxes. The rich also provide the jobs that employ those who aren't too lazy to just collect a check Uncle Sam.

    What's the government do again? Choke people to death trying to make a buck selling a cigarette.
     
  17. 7437 Double Yellow Card Double Yellow Card

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    Assuming that getting an education has no actual benefit to your personal productivity.
     
  18. Cubo de Sangre President of the War Room

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    Yeah, more or less. Thanks.
     
  19. What exactly did Bill Gates invent?
     
  20. UpaLoompa Grand Quasiprophet of the Sakaran Apocolyps

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    Most americans are in debt, college or not. Across all age groups there are major earning gaps between people with even just some college (i.e. less than an associates) versus those with only a HS diploma. Among "millennials" the gap is even more pronounced. That gap grows with each step up in level of education (PhD vs Professional being the only exception).

    That's not a guarantee of prosperity but it isn't really arguable. With even just some college you will likely make far more than you would with no college.
     

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