Stealing from babies is easy and low. Microsoft co-founder Bill Gates makes himself feel powerful while negligently ripping off babies.
I am a capitalist. I defend entrepreneurs. However, I think young people and their parents should know that Gates is a sham entrepreneur. Gates openly uses his wealth and influence to push policies that will make entrepreneurial success unachievable for babies (future generations of Americans).
Gates is more dangerous to the free markets than President Obama. Why? Because everyone knows that Obama is a socialist who lacks business experience. However, when a billionaire capitalist like Gates advocates socialist policies, Americans will believe those policies are “pro-business,” “entrepreneurial,” and “fiscally responsible.”
Gates told CNNMoney anchor Poppy Harlow at the World Economic Forum: “It’s absolutely the case that taxes will have to go up to close the government deficit and, ah, I certainly think the rich should pay a larger share of that increase as we ask everyone, ah, to make some sacrifices.”
Let’s compare Gates’ approach to entrepreneurship with that of the late Steve Jobs and the company he founded, namely Apple. I think it will be clear that Gates is hurting future generations of Americans despite his public philanthropic efforts.
1.) Approach to Philanthropy
A sham entrepreneur is a short-term thinker. He uses philanthropy to push socialist policies that will boost his immediate self-esteem and influence while damaging the long-term outlook for entrepreneurship.
Gates partners with Warren Buffett to urge billionaires to take a public “Giving Pledge” to donate at least half of their wealth to charity. Unfortunately, this appears to be a way for Gates to get public recognition while sending the message that charity must be broadcasted. More important, it is counteractive for Gates to encourage voluntary charity and coerced charity (via higher taxes) simultaneously.
Gates is pompous about his philanthropy and he under-appreciates entrepreneurial passion. Gates told Jobs’ biographer, Walter Isaacson: “Here I am, merely saving the world from malaria and that sort of thing, and Steve is still coming up with amazing new products. Maybe I should have stayed in that game.”
Today, Gates is the non-executive chairman of Microsoft (he handed the CEO reigns over to Steve Ballmer). I get the sense that Gates enjoyed competition and making money more than ensuring Microsoft lasted for future generations.