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Bill Gates: Finance tax should aid world's poor
Published: 29 Jan 13 07:19 CET | Print version
Online: http://www.thelocal.de/money/20130129-47605.html
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.
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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
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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.
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.