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Melinda Gates pledges $500 mn more for world's poor( To Help The World's Poor Save More Money)
Yahoo News ^ | 11/18/2010 | Yahoo News

Posted on 11/18/2010 2:49:48 PM PST by Captain Peter Blood

Thu, Nov 18 08:43 PM Washington, Nov 18 (IANS) Melinda Gates, co-chair of the Bill & Melinda Gates Foundation, Thursday pledged another $500 million for the world's poor as she hailed a historic moment that will help bring financial services, particularly savings accounts, to hundreds of millions of people living on less than $2 a day.

Speaking at the foundation-hosted Global Savings Forum in Seattle, the first global gathering focused on the role of savings in the developing world, Gates urged leaders in government, banking, mobile communications, and international development to work together to build a new kind of financial infrastructure to bring savings to the poor.

(Excerpt) Read more at in.news.yahoo.com ...


TOPICS: News/Current Events
KEYWORDS: gates; poor; savings
I saw this and I just want to know exactly what logic went into this. The Gates Foundation seems to have eclisped the Old Ford Foundation as the most Leftist group now dispensing monies to all manner of idiotic one world causes. Here we have a severe ongoing Recession/Depression where that $500 Million could go along way to helping people right here in the United States but that money is going to a program to show and encourage "POOR PEOPLE" to save money. Poor people as a rule don't have any extra income to save, they need every dime they have to live day to day. Well another example of another Capitalist who having made his pile turns Socialist to tell the rest of us how to live.
1 posted on 11/18/2010 2:49:54 PM PST by Captain Peter Blood
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To: Captain Peter Blood

B&M Gates are as leftist as they come. It is not called “MSNBC” for nothing, the MS stands for Microsoft.

BTW I watched Captain Blood again about 3 weeks ago. What a great movie and Flynn is my all time favorite leading man. That guy was a great actor, too bad he drank himself to death.


2 posted on 11/18/2010 2:54:38 PM PST by fuzzybutt (Democrat Lawyers are the root of all evil.)
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To: Captain Peter Blood
How about a $500 million fund to defray the costs of lost productivity due to Windows blue screen of death events and various other quality failures of the Gates cash cow?


Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

3 posted on 11/18/2010 2:56:18 PM PST by The Comedian (I enjoy progressives, especially in a light cream sauce.)
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To: Captain Peter Blood

I gotta commend Melinda for her great generosity in giving away her husband’s money. By the way, if you’d be willing to slip me 50 bucks I’d gladly give it away to charity. Now that I think about it, make that 100 bucks ya stingy tightwad!


4 posted on 11/18/2010 2:56:29 PM PST by Krankor (It's good news week someone's dropped a bomb somewhere contaminating atmosphere)
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To: Captain Peter Blood
Just think of how much the Gates and Buffets are cheating the government of the taxes that both families advocate. Between the two families, some $100 Billion dollars in capital gains have gone untaxed and the residual monies, susceptible to inheritance taxes which will go uncollected.
5 posted on 11/18/2010 2:57:57 PM PST by Sgt_Schultze (A half-truth is a complete lie)
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To: fuzzybutt

what a waste of good money.

If money was all it took to fix the poors problems... their wouldn’t be any poor people in America, because the government alone has spent trillions trying to help them, and it hasn’t helped one bit, and might even have made things worse.


6 posted on 11/18/2010 2:58:00 PM PST by TexasFreeper2009 (Obama = Epic Fail)
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To: Sgt_Schultze

did they do this to avoid 2011 tax rate increases? how dare they. sarc/


7 posted on 11/18/2010 2:59:40 PM PST by sappy (criminalibs)
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To: Captain Peter Blood

Jeez. Give them a break.

I don’t agree with their Planned Parenthood types of giving. But here they are giving their own money to the poor. They are not lobbying Congress to raise our taxes to do it.

This is capitalism at its finest.

Helping the poor is a good thing. Ever heard of Jesus?


8 posted on 11/18/2010 3:05:07 PM PST by earlJam
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To: fuzzybutt

It is a great movie...and Flynn is one of my all time favorites also. So good looking and charismatic. Loved him in Robin Hood also.


9 posted on 11/18/2010 3:06:03 PM PST by savagesusie
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To: Sgt_Schultze
Oh yes I certainly enjoy that Hypocrisy. Gates, his Father, etc., advocate a strong and excessive Death Tax yet they are able to offload all this money to their foundation and effectively reduce or eliminate taxes.
Also a few years ago after Buffett advocated more taxes on the wealthy someone was abled to analyze his taxes and he was effectively paying about 18%, lots of his money at the time was in Federal and Muni Bonds. Talk about a jackass and a Hypocrite!!!!!!!!
10 posted on 11/18/2010 3:07:17 PM PST by Captain Peter Blood
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To: fuzzybutt

“Captain Blodd” is also one of favorites and never miss a chance to watch it. They could not make this film again, just don’t have the actors.


11 posted on 11/18/2010 3:08:28 PM PST by Captain Peter Blood
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To: Captain Peter Blood

$500 million would buy a lot of cell phones, which has been shown to help third world people more than anything.


12 posted on 11/18/2010 3:09:28 PM PST by razorback-bert (Some days it's not worth chewing through the straps.)
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To: Sgt_Schultze

BINGO!! Their Foundatiosn are TAX FREE SLUSH FUNDS!!! PERIOD! SKANKS.


13 posted on 11/18/2010 3:11:17 PM PST by Ann Archy (Abortion......the Human Sacrifice to the god of Convenience.)
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To: earlJam

Well the old saying comes into play here, “Charity Begins at Home” and this old home, where the money was made, needs a lot of help. Lot of folks need help right now especially at Holiday time. That $500 Million would really help.
But you see this money os part of an agenda ad ego trip to try and save the world. Keep the money at home and help here.


14 posted on 11/18/2010 3:11:28 PM PST by Captain Peter Blood
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To: earlJam

Agreed. To paraphrase Col. Jessup: “ I have neither the time nor the inclination to explain myself to someone who benefits from the economic stimulus that MSFT has provided over the years, and then questions the manner in which I provide it. I would rather you just said thank you, and went on your way, Otherwise, I suggest you pull out your own wallet, and make your own damn donation.”


15 posted on 11/18/2010 3:15:02 PM PST by DryFly
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To: Sgt_Schultze

BINGO!! Their Foundatiosn are TAX FREE SLUSH FUNDS!!! PERIOD! SKANKS.


16 posted on 11/18/2010 3:20:04 PM PST by Ann Archy (Abortion......the Human Sacrifice to the god of Convenience.)
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To: Captain Peter Blood
gateshead

Billionaires on vacation: http://www.forbes.com/2002/09/19/0919feat_print.html

17 posted on 11/18/2010 3:20:04 PM PST by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto.)
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To: Captain Peter Blood

We have astronomical unemployment and underemployment in this nation, people losing their homes left and right, and all this dim-wit can think of to make herself feel better and look ever so much more caring, is send hundreds of millions of dollars outside our nation.

“Don’t touch me you unclean Americans. Only the foreign are deserving of my help.”

What a vapid nincompoop.

Whatever she does, I sure hope she follows the advice of marxists around the world and depletes as much wealth as she can without benefiting the U. S. on any level. /s

This level of ignorance and the resulting action is a U. S. tragedy. I’m sure it will be repeated.


18 posted on 11/18/2010 3:24:03 PM PST by DoughtyOne (Your next chance like this? About 2044. Vote popularity and don't waste time with the details.)
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To: All

The Gates just want to waste more money on exporting abortion and population control to the world’s poor through Planned Parenthood Intl.

The other stuff is a fig leaf.


19 posted on 11/18/2010 3:27:42 PM PST by newzjunkey
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To: earlJam
I don’t agree with their Planned Parenthood types of giving… Ever heard of Jesus?

You're nuts!

20 posted on 11/18/2010 3:29:59 PM PST by newzjunkey
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To: Captain Peter Blood

yeah! Let’s abolish private charity because some freepers don’t agree with where the money is going.
If you have $500 million of YOUR money to give away, you can spend it on anything you want.


21 posted on 11/18/2010 3:32:57 PM PST by ari-freedom (Islam is at war against America, while America is at the mall.)
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To: razorback-bert

“$500 million would buy a lot of cell phones, which has been shown to help third world people more than anything.”

OK so you should create a successful company, make $500 million and you can buy as many cell phones as you want.


22 posted on 11/18/2010 3:35:40 PM PST by ari-freedom (Islam is at war against America, while America is at the mall.)
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To: Captain Peter Blood

Well, Melinda made her money the old fashioned way...by marriage.


23 posted on 11/18/2010 3:40:29 PM PST by pointsal
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To: newzjunkey

Nice splice.

If I was like you I could go to the FR page “posts by newsjunky” and make a pretty interesting splice of your statements.

I could probably make you sound like Michael Moore.


24 posted on 11/18/2010 3:42:29 PM PST by earlJam
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To: ari-freedom

Hmm, somehow I think giving money to fund abortion isn’t exactly ‘charity’.


25 posted on 11/18/2010 3:43:28 PM PST by BenKenobi (Don’t worry about being effective. Just concentrate on being faithful to the truth.)
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To: ari-freedom

I never said abolish private foundations or charity, I only question the priorities and hypocrisy of people like Gates.


26 posted on 11/18/2010 3:50:58 PM PST by Captain Peter Blood
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To: BenKenobi

But this is to help the poor save money so that they can bring themselves out of that situation instead of just spend&debt. Other charities just give them a ‘check’ or some food and they will continue to do so forever.
Or in other words, most charities give them a fish but this will help them so that they can catch their own fish.


27 posted on 11/18/2010 3:58:42 PM PST by ari-freedom (Islam is at war against America, while America is at the mall.)
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To: ari-freedom

I’m sorry, but I don’t trust Melinda Gates, and especially not their foundation which is one of the worldwide largest abortion foundations.


28 posted on 11/18/2010 4:10:09 PM PST by BenKenobi (Don’t worry about being effective. Just concentrate on being faithful to the truth.)
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To: BenKenobi

Just give it to the US Treasury. That is what Bill and His Dad want the little people to do.


29 posted on 11/18/2010 4:12:21 PM PST by scooby321
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To: BenKenobi

“I’m sorry, but I don’t trust Melinda Gates, and especially not their foundation which is one of the worldwide largest abortion foundations.”

OK I understand that. But the idea itself is sound. It makes more sense than the liberal/Bush policy of encouraging debt and consumption.


30 posted on 11/18/2010 4:16:19 PM PST by ari-freedom (Islam is at war against America, while America is at the mall.)
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To: Captain Peter Blood

The sad part is that that the Gates are Liberal Free Trader Globalists. So much of their recent wealth is gained by shipping jobs out of America to other countries.

Instead of giving it to charities that will spend more on overhead than they spend on the actual poor....it would be better if they re-invested that money into creating jobs in America.


31 posted on 11/18/2010 4:47:06 PM PST by UCFRoadWarrior
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To: Captain Peter Blood
This brings to mind a statement that my mother made often in our household while I was growing up>

"JUST BECAUSE A PERSON MAKES, OR HAS A LOT OF MONEY, DOESN'T MEAN THEY KNOW ANYTHING"

32 posted on 11/18/2010 5:40:48 PM PST by VideoDoctor
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To: Captain Peter Blood
I think this idiot should do whatever she wants, so long as she is not campaigning to force the rest of us to do likewise against our will or ability.

It would be fascinating, however, if she had done so quietly, without banging her drum loudly, and see if the rest of the world notices one iota of difference among the world's poor.

33 posted on 11/18/2010 6:22:21 PM PST by Publius6961 ("In 1964 the War on Poverty Began --- Poverty won.")
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To: Captain Peter Blood
I saw this and I just want to know exactly what logic went into this.

Almost all so-called charities are money-laundering schemes to evade taxes. The way it works is to send money to other "non-profit" groups and friends to run "awareness campaigns." Money is raised from gullible people and matched by several government grants. That then disappears into "awareness campaigns" that raise awareness about poor people in Africa.

An example of a fraudulent fundraising was the hundreds of millions of dollars raised by Red Cross in the name of the victims of the earthquake in Haiti. Only a small fraction was allotted to the Haitians and even that was in the form of some cheap stuff and not money. The money for the cheap goods like tents is usually given to cronies who get the contracts. Most of the money disappears into "awareness campaigns" and those who run the charities blame the politicians in countries like Haiti.

34 posted on 11/18/2010 6:40:56 PM PST by JimWayne
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To: Sgt_Schultze

This tax-deductable donation to foreign lands is subsidised by the American taxpayer. It’s time these liberal a..holes did something for America such as repatriate and pay taxes on the money the have stored overseas.


35 posted on 11/18/2010 7:05:45 PM PST by balls
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