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thanking for being with us. >> thanks for having us. >> when they say bill and melinda gates, they say. when did you decide, listen, we have this money and we want to do something with it, melinda? >> we were engaged to be married after we had taken our vacation and the research, we committed that we would give it back to society. it was the right thing to do. >> bill, you felt that, too? >> yeah, we were exploring that and we'd got more and more engaged with it and now it's our full-time work. so, we have naive about how to do it and how to have a big impact. but we knew it was amazing we have this fortune. gigantic, we didn't think it would be great to live lots to our children. so, it became something that we get to do together. we're partners in crime. >> and you're working very hard. i want people to know you're not sitting home. both of you are doing a lot of traveling. you just came back from ethiopia, bill. i thought the letter was so fascinating. the thing that stuck out to me was about data. the importance of data. i never thought about that. explain why that's so important.

theill and melinda gates foundation, used to give moms and dls a f year of full paid leave., that policy is changing to six giving employees a year has caused disruptions in daily operations. but included in the leave, the foundation will give a $20,000 stipened for new parents returning to work for child carn and famids. >>> if you were hoping for casinos in virginia, you may have to wait a while. a committee has changed a bill to allow areas to vote on cas o casinos as early as november. >>> well, by next year, you could be placing super bowl bets in the district. if the caps and wizards owner has his way, capital one arena will be open for betting in april. >>heeporter: the owner of t wizards and the capitals pointed to april for when sports bete willing available inside his capital one arena. >> my expectation is that there will be built a very, very high-end, world-class restaurant called the sports book. there will be showing games from all over the world. atd that people will be able to come in and games and dine and bet. in a is something that happens all over the wo

tune in tomorrow when my guests will be regina king, bill and melinda gates, and jena friedman. don't you worry 'bout ♪ where it is you come from it'll be all right

bill and melinda gates sat down with stephen colbert. >> you heard about the existence of billionairescapitalism. what would you say that billionaires shouldn't exist? >> we might be biassed. it's possible. i think you can make the tax system take a higher portion of people with great wealth. >> here to talk about this is ryan streeter, director of domestic policy studies. this is the debate the country has had a long time. where are we with it now? >> we're where we have always been. people are on different sides of the issues. when you talk about a 70% tax rate, they object secure realities. economists estimated to open source, what would happen if you put in place 70% taxes? if we had that from the beginning of the year, it would raise $16.3 billion. that's about to pay the department of housing and urban development for six months. that's if wealthy people didn't change their behavior. when you factor in the behavior of people when you raise the taxes, that number drops below $12 billion and even into the single digits by some calculations. this idea that you tax income at 70% as a

in less than 25 years the bill and melinda gates foundation has given away more than $45 billion. it still has $50 billion in the undowment. the gates annual letter was published a few days ago. they talk about what they learned in the process of trying to fight many of the problems that plague the world. i sat down with bill gates at his private offices near seattle. >> bill gates, pleasure to have you on. >> great to be here. >> there is a lot of talk these days about a kind of new economic mood, the cover of the economist is about all the millennial socialists. you have often said you think you're undertaxed. now there are proposals. there's one that says there should be a 70% tax on marginal income, that's over $5 million. there's another which is a wealth tax on the total assets you have. what do you think of these? are these reasonable ways to think about what to do about economic inequality today? >> well, there's two reasons why the government needs to collect more revenue. one is that we only collect about 20% of gdp and spend 24 % of gdp. so you can't let that deficit gro

tipping point community comprised of several groups, including the bill and melinda gates foundationhting bay area poverty for 14 years. the group agreed to invest in housing and employment in the bayview neighborhood. south san jose and the contra costa town of pittsburgh. >> jussie smollett is thanking fans for their support. >> these last four daysi wouldn't get through it without obviously my family and also the love and support of all y'all. >> the santa rosa native sang at a concert at the troubadour club saturday night. last week he told chicago police two hooded men shouted homophobic and racist slurs before yelling maga country and putting a noose around his neck. some accused him of lying but fans stood by him. >> the show could happen. guess he's ready to go. >> that says a lot about not letting it -- >> keeping his word and he's being a man of honor. that means a lot in a world where people are so quick to call you a liar. >>> right now authorities are still searching for two people seen on surveillance in the area. >>> hawaiian airlines is apologizing after a flight from

admitted in a 2007 interview, charitable foundations like the ones run by his family and bill and melinda gatesdo better work at lower cost than the government. so he's basically making the case against his own false altruism. he did not the money to the government come he gives the billions to people that are going to give it to people who need it. now where is this anti-success, anti-billionaire nonsense coming from? the construction of washington, socialist, while hating jellybeans like alexandria ocasio-cortez, she's pretty lousy at math. as miss zero-sum complaint a system that produces billionaires is inherently flawed and there are still kids with the ringworm in alabama. she meant hookworm. she always seems to stumble when she recites some external generated, a talking point. the insinuation is somehow warren buffett gave alabamians kids ringworm! he didn't! but you know who is working to cure malaria? bill gates and his tax-free billions are finding creative ways to sprinkle practical solutions on real problems. not just imaginary ones like democratic socialist invent in this country.

him, very slight edge probably spent two solid days working on -- while you bring up bill gates, melinda gates on april 23rd, one of the best books i think i've ever read. >> what is it about? >> about women, and women around the world, about herself and very candidly told and the stories are terrific and i read it the other day in one sitting. only 220 or 230 pages, coming out april 23rd it will be a huge seller. >> that's great. we'll look forward to seeing it. another question that came in, t-55, steve pilgrim asks, for those that lived our lives and careers reading and listening to warren buffett and charlie munger, to whom do they recommend our grandchildren listen >> i hope it is us but sort of actuarial freak. there is probably interesting writers that -- but i will tell you this the fundamentals won't change you're not going to discover anything new about investments in the next 50 or 100 years. it is buying a business. you have to know how to value the business, and you have to know something about how markets operate. but you don't buy a business unless you can value it. you have to