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Bill Gates: Finance tax should aid world's poor
Photo: DPA

Bill Gates: Finance tax should aid world's poor

Published: 29 Jan 2013 07:19 GMT+01:00
Updated: 29 Jan 2013 07:19 GMT+01:00

Bill Gates was the star attraction at a German Social Democratic Party (SPD) meeting in Potsdam on Monday, calling for world hunger to be fought with taxes raised on financial transactions.

SPD lead Sigmar Gabriel said at the meeting he stood behind the European Union plan to invest 0.7 percent of gross domestic product (GDP) in development policies.

Microsoft founder Gates, one of the world's richest men, has long focused his efforts on the Bill and Melinda Gates Foundation which funds health and education projects around the world.

He was invited to the Potsdam meeting of the centre-left SPD leadership meeting to talk with them about the foundation. He called for Germany and Europe not to abandon their contributions, despite the financial crisis.

Speaking ahead of the meeting Gates said the world was on the brink of great victories in the fight against illness and global poverty. "Germany plays a decisive role in enabling us to bank on success," he told the SPD paper Vorwärts (Forwards).

"Development aid only counts for a fraction of public spending in most donor countries. Cuts in this area will not solve our budgetary problems," he said.

He said that great strides had been made in public health matters over the past 20 years - with the number of children dying before the age of five shrinking from 20 million in 1960 to less than 6.9 million in 2011.

But enormous differences remained. "We still have a long way ahead of us to ensure that every child that is born has the same chance of a healthy life regardless of whether it is born in a rich or a poor country," said Gates.

DPA/The Local/hc

The Local (news@thelocal.de)

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Your comments about this article

09:12 January 29, 2013 by JDee
why does Bill wear a tie?
11:43 January 29, 2013 by grazhdanin
which crisis?!
12:34 January 29, 2013 by freechoice
what hypocrisy!!
16:36 January 29, 2013 by marimay
Aw, he wants to feed the poor GMOs while sporting that creepy cult haircut.
16:52 January 29, 2013 by raandy
Ya, Geek comes to mind.

These organizations are too often riddled with small time corruption that takes a bite at every place from the time it leaves the sponsor to it arrives at destination.
00:35 January 30, 2013 by zeddriver
Speaking ahead of the meeting Gates said the world was on the brink of great victories in the fight against illness and global poverty.

Really!! What planet do you live on Mr. Gates.

The US has spent a multitude of trillions of dollars since the war on poverty started in the 60's with welfare, food stamps, Gov. funded employment offices, medicaid, medicare. Just the last two out pace defense spending. Most mistakenly believe that defense spending is the biggest gov. expenditure

The end result of those trillions. The poverty rate has barely budged since the 60's. At one point it was decreased by 5%. That was way back in 1974. It has hovered around 10-15% since 1970.
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