Skip to comments.Creative Capitalism: A Conversation with Bill Gates, Warren Buffett, and Other Economic Leaders
Posted on 12/11/2009 5:02:43 AM PST by usalady
Bill Gates is known as the worlds most successful capitalist and is less famous for being the worlds biggest philanthropist.
(Excerpt) Read more at examiner.com ...
‘On our next week’s program, President Bush will explain the beauty about Compassionate Conservatism.’
“he advocated creative capitalism in which big corporations would integrate doing good into their way of doing business”
Someone needs to re-read his Adam Smith. Corporations should have just one motive—making a profit (legally, of course) and distributing it to its shareholders. If the shareholders want to “do good” with the dividends, that is their business.
What goes unsaid too often when lauding both Gates and Buffet is they advocate confiscatory taxes upon the estates of the wealthy, yet both have taken (appropriate) steps to mitigate such taxes in their personal lives. Each has or will bequeath the vast majority of their estates to a tax-exempt foundation, thus denying the government its otherwise justifiable estate tax revenue.
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