Another huge news regarding the new 2024 presidential election is the commitment from another individual, Bill Gates, co-founder of the giant software corporation. Bill Gates, co-founder of the famous giant software corporation, will give $50 million to Future Forward, a non-profit institution whose task is to support US Vice President Kamala Harris’s run for presidency. The political donation from the usually apolitical billionaire reflects Bill’s concern over the likelihood that the former President of the United States, Donald Trump, will be re-elected for the second time.
According to reports, Gates fears that a second term for Trump would potentially undermine crucial global health and family planning initiatives championed by the Bill & Melinda Gates Foundation. Though Gates has never publicly endorsed Harris, he has supported previous candidates targeting healthcare, poverty, and climate change.
That is, however, interestingly channeled to Future Forward USA Action, that is ‘dark money’ organization not reporting its donors, thus opening even the debate on the transparency of political funding.
It is timely for the contribution since Harris and other candidates for 2024 are beginning to take interest in the emerging issues concerning the economy, which includes regulation of cryptocurrencies. In fact, Gates has shown trepidation over digital currencies; nevertheless, it has shown an appreciation of their capabilities to bring about broad access to financial services by the less privileged sections of society, a cause close to his philanthropy efforts.