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Blog Home > Bill Gates' Theory on Socially Beneficial Wealth Re-allocation

April 07, 2007


Bill Gates' Theory on Socially Beneficial Wealth Re-allocation

Some sage advice, paraphrased from the U of Nebraska interview with Gates on how to improve equality of opportunity in the world--the principle this country was truly founded on...

  1. Make a lot of money by creating a Great product that improves the lives of millions of people and helps them do their jobs better or makes them happier.

  2. Use that money to build a Great lasting innovative company and create lots of jobs and helps lots of families grow while reinvesting in your community.

  3. Use the money you have made not to build mansions or waste on unneccessary consuption, but to make as big of positive difference on a global scale by helping create a sustainable world and helping those who do not have the opportunities we have through intelligent philanthropy. A small number of people can make a dramatic difference.

Did you know that The Gates Foundation has given over $6 billion to improve global health? On the other hand, Bill does live in a $119 million house--compared to Buffet's $500,000 house.

"If you can accumulate part of society's wealth through luck and skill and make sure it goes to the less fortunate you can be like Robin Hood. The wealthier you are, the more responsibility you have to put not only your wealth but your brainpower into giving back." - Bill Gates

"You have lived a successful life if at the end of it the people you hope love you, do." -- Warren Buffet

Posted by ryanallis at April 7, 2007 12:00 AM

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About this Blog: Follow the journey of entrepreneur Ryan Allis as he builds his company iContact into the worldwide leader in on-demand software for online communications, publishes his book Zero to One Million, travels the country as a speaker on entrepreneurship, explores the worlds of public policy, technology, marketing, management, leadership, venture capital, and organizational behavior, and lives a passionate life as a North Carolina entrepreneur and CEO.

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