Source: EconLog
by Kevin Corcoran
“[Bill] Gates says over the last 25 years, his foundation has put $100 billion into various projects and causes, funded through his own wealth as well as the wealth of other billionaires like Warren Buffett. His goal is for the foundation to now pick up the pace – in the next 20 years until it closes, he expects his foundation will be donating another $200 billion, with Gates giving away virtually all his wealth as part of this process. The Gates Foundation has done tremendous good in the world – by any reasonable estimate many millions of lives have been saved and millions more improved. Billionaires like Bill Gates are often criticized for not paying enough in taxes. However, opportunity cost cannot be ignored.” (06/18/25)