polqat

William Gates III: to philanthropise or revolutionise, that is the question

Bill Gates recently announced that he would give away most of his fortune to Africa by 2045. A total expected to be USD 200 billion, or roughly USD 10 billion a year. Whilst admirable, this amount is dwarfed by the net financial flows of USD 2 trillion that is extracted

An economy is not a household

People often conflate running a government with running a household like this man... He doesn't realise that his expenditure is independent of his income. So when he reduces his expenditure, his income remains the same, and he gets to keep the savings. Whereas for a nation, it'