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> As for me, I prefer capitalism and the freedom it gives us to either hoard wealth or (as Gates demonstrates) do tremendous good

Who is "us" here? Surely you don't think a significant portion of the world population can choose to hoard wealth.

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As an American, the freedom is mine (as it is for other US citizens) to do what I choose with the money I earn, regardless of the amount. Wealth is relative, after all.

Is it though? I don't know about stats in the US, but I'd be surprised if the majority of the people earned enough money to choose what to do with it after basic human expenses. Unless you count surviving as a choice, but at that point anything is.

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