
Jerome Cody
shared a link post in group #ScholER
The recent Musk-led cuts to U.S. foreign aid amount to murder, Bill Gates said in an interview with The New York Times. And, no, I’m not grossly mis-paraphrasing him, who told the Times this: “The world’s richest man has been involved in the deaths of the world’s poorest children.”
For the wealthy and powerful who want to change the world, Bill Gates has long been a North Star. His Gates Foundation and his efforts to spread the gospel behind the Giving Pledge—a vow taken by more than 240 billionaires to donate their entire fortunes—have defined much of modern philanthropy for the past quarter century. In those efforts, Gates pushed his peers to not only give more but give smarter.
And with one fateful new action this week—his decision to close the Gates Foundation in 2045, much sooner than expected—Gates has become something else: the resistance to President Donald Trump. Or at least he’s offering a model for how a smart resistance might assemble.
Between now and 2045, the Gates Foundation will dispense its entire endowment and much of Gates’ personal fortune, spending well over $100 billion. This spending will intensify his philanthropy in the coming years as the foundation’s investment horizon shifts from decades into the future to a faster-approaching one (at least in philanthropic terms).
Gates is partly making the change to spend more on health initiatives at a time when AI and biotech could vastly change medicine. There’s another obvious reason: It’s an obvious indictment of Trump and the person who has been Trump’s left-hand man, Elon Musk.
https://www.nytimes.com/2..
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www.nytimes.com
The $200 Billion Gamble: Bill Gates’s Plan to Wind Down His Foundation
In a wide-ranging interview, he explains his decision — amid the Trump administration’s assault on foreign aid — to accelerate the end of his giving.