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Jun 18, 2006

"This, then, is held to be the duty of the man of wealth: First, to set an example of modest, unostentatious living, shunning display or extravagance; to provide moderately for the legitimate wants of those dependent upon him; and, after doing so, to consider all surplus revenues which come to him simply as trust funds, which he is called upon to administer, and strictly bound as a matter of duty to administer in the manner which, in his judgment, is best calculated to produce the most beneficial results for the community, the man of wealth thus becoming the mere trustee and agent ..." --Andrew Carnegie

Gates to Become Full-Time Philanthropist

Bill Gates of Microsoft announced that within two years, he plans to transition into full-time work for the Bill and Melinda Gates Foundation, the organization he founded with his wife, which focuses on global health and education. "I believe with great wealth comes great responsibility - the responsibility to give back to society and make sure those resources are given back in the best possible way, to those in need," he said. Gates added, "It's not a retirement, it's a reordering of my priorities."

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