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by elcomet 2166 days ago
> We need more like him

I disagree. We need less people like him (I mean people wealthier than some countries). Let the government manage social services. Some people depend on charities, that themselves depend only on the good will of those people, and I don't think that's wise.

1 comments

The problem with allowing the government to control funds, is that the government is truly terrible at handling money.
This however is also true of most companies and certainly most charities. Waste isn’t a unique hallmark of government.
But this waste is something Bill & Melinda Gates Foundation (the beneficiary of both Gates and Buffett wealth) screens for with intense due diligence. The government does not. In fact, the government seems proud of its pork barrel.
Bill gates wealth is growing. He cannot spend it fast enough. Sometimes perfect is the enemy of good.
Yeah but the idea is to decentralize and disperse management of the money.
So why not giving it back to all the people and let them decide what they want to do with it?