Tags: gates | foundation | letter | 2014

Bill and Melinda Gates Letter Debunks World Poverty Myths

Image: Bill and Melinda Gates Letter Debunks World Poverty Myths

Tuesday, 21 Jan 2014 12:03 PM

By Elliot Jager

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Bill and Melinda Gates have released their foundation's annual letter, which instead of sketching out their worldwide philanthropic agenda for the coming year aims to debunk three public policy myths about poverty.

The Gates Foundation letter argues that it is not true that "poor countries are doomed to stay poor," that "foreign aid is a big waste," or that "saving lives leads to overpopulation," Forbes magazine reported Tuesday.

Urgent: Is Obamacare Hurting Your Wallet? Vote in Poll

Bill Gates writes that most countries "we used to call poor now have thriving economies. And the percentage of very poor people has dropped by more than half since 1990."

Gates is not saying poverty and inequality will disappear. Overall, though, he is optimistic for all countries except those "held back by war, politics (North Korea, barring a big change there), or geography (landlocked nations in central Africa)."

Regarding foreign aid, Gates says the belief that U.S. aid does not work "gives political leaders an excuse to try to cut back on it — and that would mean fewer lives are saved, and more time before countries can become self-sufficient."

It also does not cost a lot, he notes. The U.S. spends less than one percent of its annual budget on foreign aid, he says, or about $30 billion. Gates breaks that down to $11 billion for public health and $19 billion for infrastructure.

While he acknowledges that aid is sometimes stolen by corrupt local government officials, he notes that corruption is just as bad if not worse in the United States.

"Four of the past seven governors of Illinois have gone to prison for corruption, and to my knowledge no one has demanded that Illinois schools be shut down or its highways closed," he writes.

For her part, Melinda Gates tackles the myth that saving lives makes the planet unsustainable.

"Saving lives doesn't lead to overpopulation. In fact, it's quite the opposite. Creating societies where people enjoy basic health, relative prosperity, fundamental equality, and access to contraceptives is the only way to secure a sustainable world," she writes.

The Gates Foundation disbursed $3.4 billion in grants during 2012, and has given out more than $28.3 billion since 2006 for various programs around the globe.

Urgent: Is Obamacare Hurting Your Wallet? Vote in Poll

Related Stories

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Scalia, Ginsburg Say Supreme Court Likely to Rule on NSA Programs

Thursday, 17 Apr 2014 20:26 PM

Two members of the U.S. Supreme Court indicated on Thursday night that the court will ultimately have to decide the lega . . .

Chelsea Clinton: I'm Pregnant

Thursday, 17 Apr 2014 16:59 PM

Chelsea Clinton announced Thursday that she's pregnant and expects to give birth later this year. . . .

President Defends Obamacare: 'This Thing is Working'

Thursday, 17 Apr 2014 16:11 PM

President Barack Obama delivered a vigorous defense of his signature healthcare law on Thursday, saying private insuranc . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved