Interesting piece in last week's Seattle Times on local robber baron and all-around good-guy Bill Gates:
http://seattletimes.nwsource.com/html/businesstechnology/2012130944_apusgatesbuffettpledge.html
DP's pithy response (dutifully ignored by the Times editor):
Billionaire buddies Warren Buffett and Bill Gates are feeling pretty good about their souls these days. However, while they're kibitzing about what portion of their vast fortunes to give away, maybe the rest of us should be asking ourselves how these guys got so rich in the first place. And maybe we should also be asking why we have to depend on the largesse of a few self-appointed saints to fund programs that we all see as necessary.
When you think about it, it's the billionaires themselves who are the biggest recipients of charity. Public charity, that is, in the form of tax breaks, bailouts, loopholes and other special treatment our government accords to corporations and wealthy individuals. Perhaps if this country had a fairer tax structure, we would already have the money we need to end homelessness, cure disease, and so on. Then we wouldn't have to go begging to the super-rich.
Granted that government doesn't always spend our money wisely, but at least there is some public accountability there, and there could be even more. With billionaire-funded charities, though, there's none. Today, Gates could decide that he wants to cure malaria. Tomorrow, it might be baldness. And the day after that? Who knows? Whether he realizes it or not, Gates is a bull in the china shop of social programs—programs in which he has much influence but little expertise. Clearly, you can't run a drug research program the way Gates ran Microsoft.
Or maybe you can. But you shouldn't.
I know! —Let's pass a law declaring Gates and Buffett saints. Then let's pass another one requiring them to put a right and proper share of their wealth into the commonweal.
Everybody wins.
—DP





















































































