alth. Just because he has $40 billion does not mean the rest of the world lost $40 billion, he created more wealth for the rest of the world. His software created new ways of saving time and money and created thousands of new jobs. Bill Gates got rich by persuading people to buy his product. His motive may have been greed, but to achieve that, he had to give us what we wanted. Both parties benefited from the transaction and everybody wins. In general, many businesses donate a percent of its wealth to charity. People not only want but also expect those businesses to donate their money away. Vanderbilt gave one percent of his money away to start Vanderbilt University. Ted Turner donated $1 billion to the United Nations. But why do people think that giving away money is better than making money? Giving away money is much easier than building a new business. Building a new business creates new jobs for people, giving someone the means to support himself. When you give money away, it does not help them become more self-sufficient. Charity does not always make big impacts, as people believe they do. For example, who changed the world more, Micheal Milken or Mother Teresa? Milken pioneered a new way for companies to raise money, creating tens of thousands of new jobs. He saved Mattel, the toy maker, by his junk bonds. It is now the world's biggest toy company. His bonds rescued TWA, Revlon, and many other companies. Millions of people now joy cheaper phone calls because he funded the phone company, MCI. His bonds made CNN and other Turner companies possible. On the other hand, Mother Teresa donated every penny to charity and helped tens of thousands of people in slums of Third-World countries. She spent her life doing charity work for the poor. Her deeds continue after her death; four thousand sisters now continue what she begun. Without a doubt, people would say Mother Teresa did more for the world. But their judgements are blinded by the fac...
