"The only role other than paying their..." - Quote by Bill Gates
The only role other than paying their taxes, whatever those are, the only role for philanthropy broadly - of which the rich should give disproportionately - the more, the better - and I think there is a positive trend in that direction - there are certain risk-taking things, like trying out a new type of charter school or funding a new kind of medicine.
More by Bill Gates
“I get more spam than anyone I know.”
“There is no author whose books I look forward to more than Vaclav Smil.”
“The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency.”
More on Philanthropy
“I believe the returns on investment in the poor are just as exciting as successes achieved in the business arena, and they are even more meaningful!”
“In the philanthropy game, you're going for different outcomes: saving childhood lives, having kids grow up - because they don't have malnutrition or disease - that they achieve their full potential. We take for Warren [Buffett] things that, because he's very intelligent about the world but doesn't get to go out in Africa and see what we see, we've taken and say to him where we stand and it's basically a very positive report that his gift has made a phenomenal difference.”
“Investing in innovation, which was my broad theme talking to [Warren Buffett ], that included health vaccines, it included energy and education.”
More on Wealth
“No, not rich. I am a poor man with money, which is not the same thing.”
“They have passed the big inheritance tax, and that gets you when you are gone. You used to could die and be able to beat taxes, but not now. The undertaker don't go over your body as carefully as the assessor does your accumilated assets, and he gets his before the undertaker. They have it on these big fortunes now where they pay as high as 60 to 70 percent of what they leave. That's mighty expensive dying when it runs into money like that, and you won't see 'em dropping off as casually as they have been.”
“This craving for health, wealth, long life, and the like - the so - called good - is nothing but an illusion.”