August 21st, 2006, 18:19 PM
The benevolent Bill Gates
I was hoping that someone else would pick up on this story. I am someone that has a reputation for disliking Microsoft and Bill Gates. It is true. I cannot look at this story through a neutral filter.
Bill Gates is a big supporter of the inheritance tax sometimes called the Death Tax. Bill Gates is a supporter of the Death Tax. Those fighting repeal of the Death Tax, have called it a gift to the rich. LET ME CORRECT THAT. HE ONLY WANTS TO TAX OTHER PEOPLES INCOME AGAIN AND AGAIN. NOT HIS OWN.
Why do I say that?
The drudge report story reports that the foundation created to fight aids in Africa and to feed starving kids has been used to buy newspapers in California and Minnesota. This is money that has been protected from taxation. I will bet that none of these newspapers ever say anything negative about M$.
"XXXXX DRUDGE REPORT XXXXX SUN AUG 20, 2006 16:01:02 ET XXXXX
BILL GATES 'CHARITY' FOUNDATION FINANCES NEWSPAPER PURCHASES
The BILL & MELINDA GATES FOUNDATION declares its noble mission is to bring "innovations in health and learning to the global community."
But the world's largest philanthropic organization also is among the organizations that collectively loaned nearly $400 million to MEDIANEWS GROUP INC. -- for the acquisition of newspapers in California and Minnesota!
"I thought this foundation was all about starving kids, not starving newspapers," mocked one Seattle insider.
The GATES FOUNDATION loaned an unspecified amount to MEDIANEWS, along with GENERAL ELECTRIC.
In April, MEDIANEWS agreed to buy four newspapers, including the SAN JOSE MERCURY NEWS and CONTRA COSTA TIMES, from MCCLATCHY CO. for $1 billion. MEDIANEWS also bought California's MONTEREY COUNTY HERALD and the ST. PAUL PIONEER PRESS in Minnesota. It also own the DENVER POST.
The move into funding media acquisitions was unusual for the BILL & MELINDA GATES FOUNDATION, whose donations usually go to health and anti-poverty purposes.
In June, financier Warren Buffett announced he would donate an estimated $31 billion to the GATES FOUNDATION, bringing its total endowment to more than $60 billion -- which could easily save every newspaper in America!
August 21st, 2006, 18:27 PM