Bill Gates Could End World Hunger, Instead Gives $36 Billion To Corporate America
37% of Bill Gates’ net worth would end world hunger. Instead, he invests billions of dollars into corporations blamed for many of the same health issues the gates foundation seeks to cure.
Back in 2007, The Los Angeles Times exposed that Bill and Melinda Gates Foundation earned a hefty amount of money perhaps millions of dollars each year. This money was generally obtained from companies who were and continue to be blamed for the many social and health problems that the foundation has tried to address.
The LA Times Reports indicate that the Gates Foundation’s humanitarian concerns are not exposed in any way how it conserves its money. The place where the Foundation funds programs fought polio and measles is in Niger Delta. It has been revealed that the foundation actually invested approximately $400 million dollars in companies such as Exxon Mobile Corp, Chevron, etc. Because these oil firms contribute to massive pollution in the environment, they have been blamed for the many respiratory problems as well as other afflictions of the local population.
This Foundation has also invested in 69 of which are considered the worst polluting companies within the US as well as Canada. It actually holds stakes in pharmaceutical companies whose drugs cost far beyond what most AIDS patients around the world can afford. Many other companies which are contained in the portfolio have been accused as well of forcing thousands of people to lose their homes, they support child labor, and defraud patients in need of medical attention.
With this being stated, with an endowment larger than all but four of the world’s largest hedge funds, the foundation that Bill and Melinda’s run is definitely one of the most powerful charities to exist in the world.
According to its same website, the organization:
“works to help all people lead healthy, productive lives.”
However, to put this into perspective, how does this same foundation match up to its mission considering the fact that it receives and conserves a hefty amount of money.
Below are pictures to help you understand the report.
The trust’s managers:
“consider other issues beyond corporate profits, including the values that drive the foundation’s work.”
What do you say?
For Bill Gates to give money to organizations, for instance, DynCorp, a military contractor, which financed the whole Iraq war, while 37% of his total assets could end world hunger, is not respectable, and it’s silly to think of it as philanthropy.
What did you think of this article? It’s hard to believe and comprehend how so many wealthy figures decide to invest their money. If only world hunger wasn’t and issue then Bill Gates investing what he wanted wouldn’t be an issue as well.
Sources: the-open-mind.com via ewao.com
Bill Gates Could End World Hunger, Instead Gives $36 Billion To Corporate America Reviewed by The Riddler on 8:30:00 AM Rating: