Slashdot Mirror
Bill Gates Gives $750M To AIDS Fund
redletterdave writes "Microsoft chairman and philanthropist Bill Gates pledged $750 million to the troubled global AIDS fund on Thursday and urged governments to continue their support to save lives. Since the fund was launched 10 years ago, the Bill & Melinda Gates Foundation has given $1.4 billion to the charity, having already contributed $650 million prior to the latest donation. The Global Fund to Fight AIDS, Tuberculosis and Malaria accounts for around a quarter of international financing to fight HIV and AIDS, as well as the majority of funds to fight TB and malaria."
Even the general Slashdot feeling towards Microsoft, it is true that his (and Melinda's) work is great. Let's hope he keeps it up!
Unless you're raped, or your spouse cheats, or you live in a part of the world where people of your gender don't have much control over that and other aspects of their life.
Where very unlucky is a great part of Africa's population and other countries?
Some people are born with aids.
It may be easy to avoid in first world countries, but that's not always the case in third world countries. Lack of sanitary conditions in medical facilities, and lack of education can be major contributing factors. But what about transfer of HIV from mother to infant at birth? What about rape? What about a complete lack of publicly available HIV tests, so it's not known who is infected and who isn't?
Bill Gates could literally cure cancer, eradicate AIDS and make Malaria piss itself and people would still be giving him grief about Windows, IE6 or ripping off Apple.
I think you miss the benefit of the "tax shelter" if the money you wish to "shelter" doesn't belong to you anymore.
THL phish sticks
Buying stock does not cause ANY money to be put 'in the companies coffers', unless it is newly issued stock (which is rare). Whoever owned the stock before you has the money. You, in turn, have an asset that will hopefully earn you more than you paid for it, over time. That worth could be realized as income from dividends or from sale of the stock at a higher price than you paid.
Germany buying stock in a German company in no way helps the company, so what is the point of doing it?
Why do other countries contribute to the foundation? Because they trust that the money will be managed and spent wisely. Could they do the same things themselves? Of course - but what makes you think they would do any better managing or spending the money?
Do they NEED to invest the money? Of course not - they could keep it in the proverbial vault and dole it out to orgs as needed. However, that would GUARANTEE that the money will eventually run out. With well-managed money you can theoretically continue handing out money forever.
And how much did you give to charity, exactly? The Gates foundation is extremely focused on making sure the money it spends produces real results in helping people. If you did give money to charity, did you do the same? Do you think a child receiving a malaria vaccination gives half a shit where it was made? Have you ever done anything worthwhile in your entire life?
Socialism: a lie told by totalitarians and believed by fools.