My 2011 Annual Letter

Dear Mr. & Mrs. Gates,

Thanks for your great assistance to poor people with specific health care like polio and other vaccinatio­­n programs. You are a rare couple who have given something liken 50 percent of your wealth to other people who are not your immediate family. You inspired Warren Buffett who has given something like 90 percent. Someday you may equal Andrew Carnegie in giving 100 percent. The progam of enlisting other successful people to follow you is great.

All this should be institutio­­nalized so that private giving not only does good to millions around the globe, which is fast becoming one family, but it can reduce the burden of taxation on the rich, middle class and poor while giving them more than government can give in certain benefits. Philanthro­­py cannot substitute for taxation and government programs in education, health and social services but it can supplement it greatly and in a more efficient way. You advocate 1 percent foreign aid. You should also advocate 10 percent private aid, on the average, which when combined with 17 percent tax collection can add up to 27 percent of US GDP. The 10 percent can do a lot of good here in the US and arounf the globe. Here is a link to my blog on this point. www.Blogsp­­ot.com/Ka­u­shik College for Women. The latest blog is about A Theory of Distributi­­on you may find of interest.

Best wishes for your continuing compassion and passion for betterment of humanity
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