Bill Gates Critical How the Wealthy Only Provide Fundraising for Profit

Monday, 18th March 2013 

BILL GATES CRITICAL HOW THE WEALTHY ONLY PROVIDES FUNDRAISING FOR PROFIT – Bill Gates, as one of the richest men in the world, as the luxury to pick and choose what he does and where he feels his wealth could be put to use.

At a recent conference Bill Gates didn’t hold back for the disdain he feels for fellow wealthy individuals who have a tendency to provide funding only in areas that could in fact extend their wealth or benefit them directly in some way.

Bill Gates went on to say that if you talk about raising money to find a cure for malaria or a cure for baldness the humanitarian route to curing malaria will always take second seat to that of curing baldness as this would generate vast profits for any such company or individuals that found such a cure.

There are, as Bill Gates rightly points out, many health epidemics that are devastating the world’s poorest people and yet despite this often being presented in all its graphic detail through the media the wealthy still appear nonchalant as to the real issues.

These are certainly tough words, but they are certainly not empty rhetoric, consider the vast sums of money Bill Gates has donated, via his charitable foundation, to such humanitarian causes as finding a cure for malaria.

Bill Gates is a true pioneer, and not just with his success of Microsoft, but more remarkably his ability to talk frankly about the problems the poor is facing and through this get others to pledge vast sums of their wealth, such as Warren Buffet.

In a recent article I covered how the likes of other high profile business people are pledging their wealth for the great good including Sir Richard Branson and Mark Zuckerberg.

Read

Richard Branson Pledges Half His Fortune to Charity

Corporate Charity Donations: The Trend of Giving

I have to admit I see completely no flaws in what Bill Gates has said on this issue.  There is so much any one person can spend in a lifetime but the benefits they can supply could last for generations.  I for one, if I had this magnitude of wealth, would be more than happy to give most of it away in order to help all of humanity and not just a few who are simply developing drugs that will benefit just a few and is indeed not life threatening.

We can only hope, for the sake of humanitarian purposes, that the likes of Bill Gates, Warren Buffet, Sir Richard Branson, Mark Zuckerberg, George Lucas and many other will continue their efforts to get even more of the worlds wealthy to step up to the plate – if it’s any consolation to Bill Gates I will certainly pledge my billions – when (if) I accrue such wealth.