One of the benefits of being 65 is that I’m eligible for the COVID-19 vaccine. I got my first dose this week, and I feel great. Thank you to all of the scientists, trial participants, regulators, and frontline healthcare workers who got us to this point.
Bill Gates on a wealth tax:
"I've paid over $10 billion in taxes. I've paid more than anyone in taxes. If I had to pay $20 billion, it's fine."
"But when you say I should pay $100 billion, then I'm starting to do a little math over what I have left over."
Sorkin: "Do you have any interest in space?"
Bill Gates: "No."
Sorkin: "Your neigbor in Seattle likes space."
Gates: "He can have it."
Billionaires joking who can "have" space.
Here are some photos of the Buttigieg fundraiser in Napa -- with the famous wine cave and the chandelier with 1,500 Swarovski crystals -- that
@BrianSlodysko
wrote about.
Gates on whether he'd meet with Elizabeth Warren:
"I'm not sure how open minded she is -- or that she'd even be willing to sit down with somebody who has large amounts of money."
lmao
The lawyer who is cross-examining Elon Musk accidentally just called him "Mr. Tweet" instead of "Mr. Musk."
Elon says "Mr. Tweet" is all good
"That's probably an accurate description."
Democratic mega-donor Haim Saban:
“We love all 23 candidates," Haim says, then pauses. "No, minus one. I profoundly dislike Bernie Sanders, and you can write it.”
Bill Gates, should we abolish billionaires?
"Maybe I'm just too biased to think that if you create a company that's super valuable, that at least some part of that you should be able to have -- a little bit for consumption, and the balance to do philanthropic things."
Gates is asked who he'd vote for in a Trump vs. Warren election. He doesn't directly say.
He says he'd vote for whoever has the "more professional approach" to the presidency, even if he disagrees with them.
"I hope the more professional candidate is an electable candidate."
🚨 JUST IN —
The entire team behind the FTX Future Fund, the Sam Bankman-Fried philanthropy, has resigned.
A holy-shit moment in the world of effective altruism.
Scoop — Bill Gates is exploring ways to convince other billionaires to donate more for coronavirus.
Ideas that Gates has considered include launching a new COVID fund for billionaires who signed the Giving Pledge, per sources.
🚨🚨Huge money-in-politics news.
The Southern District of New York is dropping its federal prosecution of Sam Bankman-Fried on campaign-finance charges, per new letter from prosecutors.
“The Government does not intend to proceed to trial on the campaign contributions count.”…
Bill Gates on his meetings with Jeffrey Epstein:
"I made a mistake in judgment that I thought that those discussions would lead, literally, to billions of dollars to global health."
"And I gave him some benefit by the association. So I made a doubly wrong mistake there."
Bill Gates on why he doesn't spend his billions on U.S. elections:
"I choose not to participate in large political donations. There are times it might feel tempting to do so. And there are other people who choose to do so. But I just don't want to grab that gigantic mega-phone."
New memo just released from the Koch network with DeSantis dropping out.
“Despite what some media outlets report, our polling consistently shows Donald Trump loses to Joe Biden in the states that will decide the election in November.”
A Silicon Valley wealth manager to me on the phone just now, reflecting on the mega-rich:
"If they put as much effort into philanthropy as they did into tax avoidance, the world would be a much better place."
I don’t remember who said this earlier today — and so I am stealing their point — but Elon’s view of politics is the POV anyone would have if you only consumed political discourse through … Twitter.
News: MacKenzie Bezos, one of the wealthiest women in the world, has signed The Giving Pledge.
Her ex-husband, the richest person in the world, has conspicuously and repeatedly declined to do the same.
Ted Cruz at Gridiron: “Lindsey Graham told me just the other day that if I was murdered on the Senate Floor, still no one would vote to convict the assailant, but at least Jeff Flake would tweet that he felt bad about it.”
“The former El Paso Congressman will make the announcement on Thursday morning, but he confirmed via text to KTSM Wednesday afternoon that he is seeking the Democratic nomination.“
Bill Gates says "targeting should not be allowed" on political ads.
But he also says that corporations should not be fact-checking political ads.
"No private company can or should make those judgments."
SCOOP —
The LATEST in the political fallout from Sam Bankman-Fried's implosion.
Sean McElwee is leaving Data for Progress after his staff confronted him in a no-confidence vote in a conference call ten days ago.
McElwee to exit by end of year.
I wrote earlier today that there's a huge question over whether SBF will be able to continue funding media going forward.
Grants have gone to:
— ProPublica
— Vox
— The Intercept
— Semafor
— The Law and Justice Journalism Project
— A podcast
New: Grants from Sam Bankman-Fried's foundation to ProPublica are on hold. Here's the email from ProPublica president Robin Sparkman to staff this afternoon.
Gates says it's "tricky" to recruit billionaires to sign The Giving Pledge -- especially so overseas -- because need to vet them.
"I feel bad: We probably will at some point accept someone into the Giving Pledge and it will turn out that their fortune is a disreputable fortune."
Gates is joking here, he says. Worth nothing that he is far more willing than most billionaires to say the pay should pay more taxes.
He's for a higher estate tax and says more tax revenue needed.
But he calls for a "middle ground" and says he worries about ~~too~~ high taxes.
This is obviously a sad and personal story.
But given that Bill and Melinda Gates co-run one of the — if not THE — world’s most powerful and most venerated philanthropies, this is a massive story with enormous implications for the public at large.
I’m moving $1B of my Square equity (~28% of my wealth) to
#startsmall
LLC to fund global COVID-19 relief. After we disarm this pandemic, the focus will shift to girl’s health and education, and UBI. It will operate transparently, all flows tracked here:
NEWS —
Eric Levine, a prominent GOP fundraiser in New York for Nikki Haley who pledged to never vote for Trump after Jan. 6, just sent an email to his network that I have seen.
"Due to a dramatic change in circumstances ... I have decided I will vote for Trump in November."…
Reporters don't usually cover divorces. It's a private matter.
But the fact is that this is an earthquake moment for the nonprofit sector.
Bill and Melinda Gates spend $5 billion a year around the world.
What happens to that warchest is a public matter in the public interest.
I was in the courtroom when Sam Bankman-Fried was just ordered to jail.
The reaction was downright funereal.
Approached by three U.S. Marshalls, Sam took off his jacket, tie, shoes and emptied his pockets.
His mom broke down in tears.
Press were escorted out before the cuffs.
To recap the last few days:
— Jeff Bezos suggested Elon Musk is a pawn of Communist China
— Bill Gates texted Elon Musk for philanthropic money and Elon ghosted him
— Elon Musk said Bill Gates can get rid of your boner
Exclusive —
Tech billionaire ERIC SCHMIDT has applied to become a citizen of CYPRUS.
The former Google CEO, one of America’s richest people, is taking advantage of one of the world’s most controversial “passport-for-sale” programs.
We have the details.
I made this point on
@brianstelter
earlier today, but the billionaire space race story is the same story as the ProPublica tax returns story.
To cover the amazing feats of the uber-wealthy while ignoring the system that creates the uber-wealthy misses the forest for the trees.
A bunch of Hollywood types are throwing a fundraiser next month for
@BetoORourke
in Los Angeles.
Rob Reiner, Ted Boutros, and host
@JamesCostos
. Tickets from $2,500 to $25,000.
#TxGov
NEW —
Last week, one of Mark Zuckerberg’s engineers asked him to resign as Facebook CEO.
But the engineer didn't even work for Facebook. They work for the Chan Zuckerberg Initiative, his philanthropy.
We go deep on the unrest at Zuckerberg’s charity.
New:
@JoeBiden
is attending a virtual fundraiser on April 16 hosted by Silicon Valley venture capitalist
@JedKatz
, per new invitation.
Costs $2,800 a person to attend.
Those who raise $25,000 get to attend a "pre-event VIP Clutch."
New —
Here are the two big donors to the super PAC behind Robert F. Kennedy Jr.:
1. Timothy Mellon, the GOP mega-donor and Gilded Age scion, who put $5 million in
2. Gavin De Becker, the security consultant whose most famous client is Jeff Bezos, who donated $4.5 million
Jeff Bezos until like a year ago was a very careful commentator on politics and culture. He basically didn’t do it.
Now he’s weighing in on tons of stuff all the time. Just a dude tweeting his opinions on the daily.
The newly created Disinformation Board should review this tweet, or maybe they need to form a new Non Sequitur Board instead. Raising corp taxes is fine to discuss. Taming inflation is critical to discuss. Mushing them together is just misdirection.
Good morning -- I've spent the last few weeks diving into the world of shady foreign money in Silicon Valley.
"You thought you’re in business. You’re actually in politics.”
Startups and VCs can no longer plead ignorance. Here is what we've learned:
NEWS —
Silicon Valley megadonors like Dustin Moskovitz have quietly unleashed a $100 million anti-Trump TV campaign.
It's a massive, last-minute play that is totally under the radar. The super PAC has raised $65 million in 45 days.
Exclusive here —>
@BrianSlodysko
Worth noting that for the Buttigieg campaign's stated commitment to transparency, "co-host dinners" like this are not open to the pool reporter assigned to cover the fundraiser.
Reporters only get to see "the entirety of Pete’s remarks and Q&A at the event."
Bernie fundraising email: "Can you help Bernie match Pete's wine cave fundraiser?"
"We do need your help to fight back against the wine cave money flooding into this race to stop us."
Big Wine Cave.
Three different sources say a firm called "Shadow" developed the Iowa Dem caucus app. They haven't responded to comment, neither has Iowa Dem Party. The firm was paid by both Nevada & Iowa Democratic Party, disclosures show. Also by Mayor Pete's campaign.
SCOOP —
@RepGallagher
has told people that he is planning to take a job at Palantir, I'm told by two sources.
The Wisconsin GOP anti-China hawk announced today that he is leaving Congress next month.
May not be 100% done, but that's what he has told people he is doing next.
Jeff Bezos said on Instagram this February that he’d “begin issuing grants this summer” from the $10 billion he set aside to tackle climate change.
We haven’t heard of any grants yet — really, zero details about this at all — and the last day of summer is technically Tuesday.
Mark Zuckerberg has pledged 99 percent of his worth to charity and still is widely disliked. Think about that. He might have the worst PR team in history.
Mike Moritz, the Sequoia billionaire who donated $25 million and helped broker the summer school arrangement, told Recode that he was trying to help local schoolchildren “and nothing beyond that.”
This is an amazing leak ... but also not terribly surprising?
1. Billionaires don’t make their money off of income.
2. Billionaires have access to the world’s savviest accountants and lawyers.
I primarily want to know how ProPublica got the data!
Bill Gates:
"It really is tragic that the economic effects of this is really dramatic. Nothing like this has ever happened to the economy in our lifetimes"
But "that's more of a reversible thing than bringing people back to life."
🚀 🚀 Friends, time for Some Personal News:
After four wonderful years at Recode, I am pumped to help launch a new media company later this year.
Money in politics. Philanthropy. Billionaires.
More to come, but for now — smash that subscribe button:
Why is it harder for Bill Gates to assess the corruption of billionaires who make their money overseas than it is of those who make their money in the USA?
And who is to say that some of the current, American singers of the Giving Pledge aren’t corrupt?
Uh, holy shit, J.B. Pritzker put a staggering $24 million of his own money into the Democratic Governors Association last quarter, per their 527 filing.
The group raised $52 million total in Q2. So almost half of that came from Pritzker.
#ILGOV
Axel Springer said it's conducting a review of the "motivation and the process leading up to the reporting" around Business Insider stories alleging plagiarism by Bill Ackman's wife Neri Oxman, following backlash from Ackman and others.
Bernie Sanders comes out swinging on Apple’s housing announcement.
“Apple is the latest tech industry tax evader that has portrayed its entry into the housing business as an act of philanthropic altruism.”
NEW —
Mark Zuckerberg & Priscilla Chan have responded to the 270+ scientists at the
@ChanZuckerberg
Initiative who called on Zuckerberg to curb misinformation.
Zuckerberg says he and Chan are "deeply shaken and disgusted by President Trump’s
divisive and incendiary rhetoric."