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Bill Gates: Super-rich is no better than just rich

Posted on: October 31, 2011

bill gates

All you aspiring 1-percenters, take heed: Bill Gates says that, after you become a millionaire, it doesn’t really make much of a difference how much more money you make.

 

It’s one thing to be told that money isn’t everything by someone who has never had any. It’s quite another when the person giving the advice is the wealthiest man in the world.

This lesson was recently learned by a lucky group of computer science and engineering students at the University of Washington, who had the opportunity to listen of Microsoft co-founder Bill Gates, a native of UW’s hometown of Seattle, give his two cents about life, technology and getting rich.

“I didn’t start out with the dream of being super-rich,” said Gates. “And even after we started Microsoft, and the guys who ran Intel—Gordon Moore and those guys—were billionaires, I was like, ‘Wow, that must be strange.’ And so—it is, it’s quite strange.”

He added: “But wealth above a certain level, really, it’s a responsibility that then you’re going have to either, a.) leave it to your children, which may or may not be good for them, or b.) try to be smart about giving it away.

“So I can understand wanting to have millions of dollars, because there’s meaningful freedom that comes with that. But once you get much beyond that—you know, I have to tell you, it’s the same hamburgerDick’s [a local fast food chain] has not raised their prices enough. But, you know, being ambitious is good. You just have to pick what you enjoy doing.”[Emphasis ours]

Gates also said that he believes ” that the rich should be taxed a lot more,” but that the best thing America can do for those with thinner wallets is to provide a quality education that can “give them an opportunity to move up into the top few percent.”

Read a full report about Gates’ talk here.

 

Provided by Andrew Couts

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3 Responses to "Bill Gates: Super-rich is no better than just rich"

Bill himself did not finish university. Why does he think more education will lead to the top ladder? It is a typical thinking that give universities power to charge so much and the funny difference in CEO’s wages and other staffs? USA should only fund distance-learning programs and publishment houses in the next centuries to come. What noboby and Bill Gates has ever talked about is what CEO should do and know. CEO don’t recruit any managers himself or have both the market vision and finance skills (expertised in marketing and finance) but is paid for what??

Wow! Thank you! I continually wanted to write on my blog something like that. Can I implement a fragment of your post to my website?

There are some interesting points in time in this article but I don?t know if I see all of them center to heart. There is some validity but I will take hold opinion until I look into it further. Good article , thanks and we want more! Added to FeedBurner as well
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