Thursday, April 19, 2007

Why didn't Bill Gates give it to the Govt?

BIll Gates and Warren Buffet are shaking things up in the realms of Education and Healthcare with all their billions. That is great, we need more foundations which use their billions for Non-Government solutions. The real irony here is that Gates and Buffet both strongly support the Federal Estate Tax. Why didn't they turn over their billions to the Government? That is what they encourage others to do?

Link

The billions of dollars thrown at global health problems by the Bill & Melinda Gates Foundation are changing the game in drug discovery, posing big challenges to the world's top drugmakers, according to a report on Tuesday.

Pharmaceutical information group IMS Health Inc. said the emergence of megabuck philanthropy was both a threat and a collaboration opportunity for manufacturers.

"Pharma companies need to develop an explicit strategy to deal with this phenomenon," IMS said in its annual Intelligence.360 report on factors shaping the industry.