Bill Gates Expected to Create Billion-Dollar Fund for Clean Energy

[joealexander]

7. Don't Get Excited by This...

Gates and his philanthropy is nasty business. In '02 through the Bill and Melinda Gates Foundation, Gates vowed to give away his entire fortune in the following ten years. Nearly fourteen years later, his fortune has doubled.

It's called "venture philanthropy". For instance, Gates invested about ten million in Monsanto. He then goes to the WHO and says he's going to start a polio vaccination campaign in India. The WHO isn't a fan of the drug because it's untested, but they buy in because there's Gates throwing his money in. Gates makes mega millions on the investment.

Improving global health is a tax-free image strategy used to sweeten his personal investments. Bad thing is the WHO (and even Gates himself) are starting to see his "philanthropy" has damaged global health initiatives far more than any improvement.

Ed reform is an even nastier story. All to bust unions and get a taste of that $650 Billion spent on public education in America each year, Gates has aligned himself with the Waltons, Kochs, Kresge, Hoover Foundation--a who's who of libertarian money grabbers.

If he's investing in clean energy, it's like what the Walton Family Foundation is doing, which is lobbying state and local municipalities to get exclusivity rights for tax-incentivized solar and wind installations. It will stop clean energy in the long-run and make the Waltons (and now Gates) richer.