May 10, 2025 • 5 mins
Billionaire philanthropy is taking center stage as Bill Gates unveils his remarkable plan to donate nearly all his wealth by 2045. What compels one of the world's wealthiest individuals to make such a profound commitment and dismantle the Gates Foundation?
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Episode Transcript
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Speaker 0 (00:01):
All right, brothers and sisters, it's Carl Gerard.
Only One Mic Podcast.
I wanted to tap in on thisstory coming from Fox Business
and I want you to give me yourfeedback on it.
It says that Bill Gates, theco-founder of Microsoft, has
pledged to give away nearly allof his wealth by 2045.
He also plans to close theGates Foundation by then as well
(00:23):
.
He also plans to close theGates Foundation by then as well
.
Gates said that this decisionwas made after reading several
books, particularly the 1889essay by industrial, by
industrialist, andrew Carnegie,called the Gospel of Wealth.
Now, in that book, in the essayI should say, carnegie argued
that the wealthy had a moralresponsibility to use their
fortunes to benefit societyrather than accumulating vast
(00:48):
personal wealth.
He also believed that theaccumulation of wealth by
individuals, while driven bycapitalist principles, should be
used to address societal needsand improve the lives of others
through philanthropy the livesof others through philanthropy.
(01:08):
Some of the keynotes thatCarnegie had in that particular
essay was a belief that thewealthy should be seen as
trustees of their wealth,responsible for using it for the
betterment of society.
He also advocated for usingsurplus wealth for public
institutions, programs andprojects that would benefit the
common good rather thanindulgent and extravagant
lifestyles.
Carnegie also argued in anessay that the wealthy had a
(01:31):
responsibility to ensure thattheir fortunes were used to
improve the lives of others andaddress societal problems.
He also criticized the practiceof passing down vast fortunes
to heirs, suggesting that theinheritance taxes could
encourage wealthy individuals todonate their wealth to charity.
Carnegie also acknowledged therole of capitalism in creating
(01:54):
wealth, but he argued that thiswealth should be used to benefit
society as a whole.
Carnegie famously dedicated alarge portion of his wealth to
philanthropy, establishingfoundations, libraries and other
institutions that continue toserve society today.
He believed in empoweringindividuals to help themselves,
(02:15):
arguing that the best practicethe best way to I'm sorry the
best practice to address povertywas to provide opportunities
for education.
Address poverty was to provideopportunities for education,
skills development and upwardmobility.
Now back to this topic y'all.
Bill Gates has already givenaway over $100 billion in his
first 25 years and plans todouble that amount in the next
(02:37):
20 years.
Gates also wants to use hiswealth to help solve urgent
problems like preventing newbornand child deaths, eradicating
disease and reducing poverty.
He also expressed concern thatthe major donor countries like
the US, uk and France arecutting back on aid, which could
impact progress on these globalissues.
(03:00):
So I just wanted to get yourtake on it, because I know Bill
Gates has been the center of alot of different controversies
and conspiracy theories in termsof his stance on education and
the usage of AI in it, as wellas the medical profession and
the uses of AI.
A lot of people look at thatand say, well, I'm going to have
(03:21):
a robot for a doctor or acomputer for a teacher and he's
pushing kind of that agenda.
I don't know if this is a partof the upward mobility, of what
he plans to do in 2045.
And, of course, if you put yourconspiracy theory hat on and
you think like, what is the plan?
Why would you all of a suddenwant to give this away by 2045?
(03:43):
A lot of people is definitelygoing to think that.
I know he has now been publiclycriticizing Elon Musk and
Donald Trump's practices ofhandling the finances of this
country, as well as their justapproach to cutting down all of
these different programs that wesee today, such as, you know,
the dei and everything like that.
So he's you know, he's beenkind of getting at them about
(04:05):
those things as well aseverybody else.
I guess that's been umsupporting them up until this
point, until you see what it'sall about topic for another
particular episode.
But um, I just wanted to tap inand get your thoughts on this.
What do you think Bill Gatesall of a sudden wants to give
away his fortune and also closethe Gates Foundation, which I
(04:28):
thought that the GatesFoundation was put up to benefit
?
A lot of different things, butyou know, and how do you think
that this wealth will bedistributed?
You know, amongst thesedifferent programs, whatever it
is that he's trying to puttogether?
We definitely will be keepingour ear to the grind on this one
, because I just thought it wasjust kind of all of a sudden to
(04:49):
just say I want to giveeverything away by 2045.
And you know, again, if you putthe tinfoil on, you'll probably
think, well, is he sick?
Is there something going on?
You know, you know.
What is it that?
They know that we don't know.
You know it's a whole thing.
But hey, listen, tap in on them, comments y'all.
Let me know what you thinkabout this, just let me know.
(05:11):
You know, you think there'ssomething to it.
Do you think there's nothing toit?
I don't know, I don't know atall, but I will address your
comments, all right.
So thank you for tapping in,guys.
Again, it's Carl Jawad, theonly one my podcast.
Catch us on Instagram and X atthe only one, mike P one.
Facebook and LinkedIn at theonly one, my podcast.
And you can email us directlyat the only one, mike zero zero
(05:41):
at gmailcom.
Um, please, please, guys, makesure you hit that like, share
and subscribe.
It's a little effort for youbut it's a big thing to us and
we really appreciate when you doit.
Once again, it's Carl Gerard,the Only One, mic Podcast Peace.
All right, brothers and sisters, it's Carl Gerard.
Only One Mic Podcast.
I wanted to tap in on thisstory coming from Fox Business
and I want you to give me yourfeedback on it.
It says that Bill Gates, theco-founder of Microsoft, has
pledged to give away nearly allof his wealth by 2045.
He also plans to close theGates Foundation by then as well
(00:23):
.
He also plans to close theGates Foundation by then as well
.
Gates said that this decisionwas made after reading several
books, particularly the 1889essay by industrial, by
industrialist, andrew Carnegie,called the Gospel of Wealth.
Now, in that book, in the essayI should say, carnegie argued
that the wealthy had a moralresponsibility to use their
fortunes to benefit societyrather than accumulating vast
(00:48):
personal wealth.
He also believed that theaccumulation of wealth by
individuals, while driven bycapitalist principles, should be
used to address societal needsand improve the lives of others
through philanthropy the livesof others through philanthropy.
(01:08):
Some of the keynotes thatCarnegie had in that particular
essay was a belief that thewealthy should be seen as
trustees of their wealth,responsible for using it for the
betterment of society.
He also advocated for usingsurplus wealth for public
institutions, programs andprojects that would benefit the
common good rather thanindulgent and extravagant
lifestyles.
Carnegie also argued in anessay that the wealthy had a
(01:31):
responsibility to ensure thattheir fortunes were used to
improve the lives of others andaddress societal problems.
He also criticized the practiceof passing down vast fortunes
to heirs, suggesting that theinheritance taxes could
encourage wealthy individuals todonate their wealth to charity.
Carnegie also acknowledged therole of capitalism in creating
(01:54):
wealth, but he argued that thiswealth should be used to benefit
society as a whole.
Carnegie famously dedicated alarge portion of his wealth to
philanthropy, establishingfoundations, libraries and other
institutions that continue toserve society today.
He believed in empoweringindividuals to help themselves,
(02:15):
arguing that the best practicethe best way to I'm sorry the
best practice to address povertywas to provide opportunities
for education.
Address poverty was to provideopportunities for education,
skills development and upwardmobility.
Now back to this topic y'all.
Bill Gates has already givenaway over $100 billion in his
first 25 years and plans todouble that amount in the next
(02:37):
20 years.
Gates also wants to use hiswealth to help solve urgent
problems like preventing newbornand child deaths, eradicating
disease and reducing poverty.
He also expressed concern thatthe major donor countries like
the US, uk and France arecutting back on aid, which could
impact progress on these globalissues.
(03:00):
So I just wanted to get yourtake on it, because I know Bill
Gates has been the center of alot of different controversies
and conspiracy theories in termsof his stance on education and
the usage of AI in it, as wellas the medical profession and
the uses of AI.
A lot of people look at thatand say, well, I'm going to have
(03:21):
a robot for a doctor or acomputer for a teacher and he's
pushing kind of that agenda.
I don't know if this is a partof the upward mobility, of what
he plans to do in 2045.
And, of course, if you put yourconspiracy theory hat on and
you think like, what is the plan?
Why would you all of a suddenwant to give this away by 2045?
(03:43):
A lot of people is definitelygoing to think that.
I know he has now been publiclycriticizing Elon Musk and
Donald Trump's practices ofhandling the finances of this
country, as well as their justapproach to cutting down all of
these different programs that wesee today, such as, you know,
the dei and everything like that.
So he's you know, he's beenkind of getting at them about
(04:05):
those things as well aseverybody else.
I guess that's been umsupporting them up until this
point, until you see what it'sall about topic for another
particular episode.
But um, I just wanted to tap inand get your thoughts on this.
What do you think Bill Gatesall of a sudden wants to give
away his fortune and also closethe Gates Foundation, which I
(04:28):
thought that the GatesFoundation was put up to benefit
?
A lot of different things, butyou know, and how do you think
that this wealth will bedistributed?
You know, amongst thesedifferent programs, whatever it
is that he's trying to puttogether?
We definitely will be keepingour ear to the grind on this one
, because I just thought it wasjust kind of all of a sudden to
(04:49):
just say I want to giveeverything away by 2045.
And you know, again, if you putthe tinfoil on, you'll probably
think, well, is he sick?
Is there something going on?
You know, you know.
What is it that?
They know that we don't know.
You know it's a whole thing.
But hey, listen, tap in on them, comments y'all.
Let me know what you thinkabout this, just let me know.
(05:11):
You know, you think there'ssomething to it.
Do you think there's nothing toit?
I don't know, I don't know atall, but I will address your
comments, all right.
So thank you for tapping in,guys.
Again, it's Carl Jawad, theonly one my podcast.
Catch us on Instagram and X atthe only one, mike P one.
Facebook and LinkedIn at theonly one, my podcast.
And you can email us directlyat the only one, mike zero zero
(05:41):
at gmailcom.
Um, please, please, guys, makesure you hit that like, share
and subscribe.
It's a little effort for youbut it's a big thing to us and
we really appreciate when you doit.
Once again, it's Carl Gerard,the Only One, mic Podcast Peace.
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