Bill Gates: Aid 'Makes a Huge Difference'

Microsoft Chairman on continuing foreign aid and reflections on Steve Jobs.
8:03 | 10/30/11

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Transcript for Bill Gates: Aid 'Makes a Huge Difference'
President Obama heads to France next week to attend the G-20 economic summit in -- And so too is Microsoft founder Bill Gates he's on a mission to convince some of the wealthiest nations and corporations to take care of the pool. And he has some innovative ideas on how to do it. The with the economic crisis rippling around the world -- be a tough sell and gates got a taste of that challenge when he visited Capitol Hill this week. I spoke about the frustration. -- Washington and much of the nation. Do you buy this notion that business of. -- -- -- -- -- Actually right now. Now fortunately. There hasn't been class where workers like for -- shooting at each other -- -- -- -- it's in the streets and he had no effect right -- this out how to -- -- Buffett rule references and all the other the proposal the president making. Are being called class warfare is opposition do you agree with the Buffett -- would -- support that. Well it. -- -- Me well. Me I just can't imagine -- these these millionaires and billionaires going down in and bear citing the streets because they're gonna have to pay for 5% more in taxes I mean. It's gonna be rough for them there certainly is a case to be made. That taxes. Should be more progressive -- you know that that's being debated. By various people do support the Buffett rule. I'm not. An expert on how -- -- tax is clearly you can't raise the taxes we need just by going after that 1% yes. I'm generally in favor the idea that that the rich. Should. Should pay somewhat war. But to really deal with the deficit gap we're talking about -- alone just numerically it's not. Enough you took a lot about education and obviously we know we've seen the figures that. The more educated the more you have a degree in and further degrees the less problems you have an employment exception. -- New book is and it says Bill Gates was a college dropout. Steve Jobs was Jack Dorsey of Twitter Mark Zuckerberg -- FaceBook. Basically trying to say that is not just about -- that entrepreneurs and innovate is may need a different route. For the kind of success that you -- brought and that you know America needs. I think there are. Some people who will make their own route and you know those people don't need some guide and make a root for and I don't think somebody -- -- you go up to Reed College drop out after six months you. You take various drugs for a while you go to India I don't think that's something we need some well defined -- For that in -- one out of a million type person for most people. Being able to -- do mathematics. Been able took Reid. Have a job skills that would let -- be a nurse job skills that let you be at -- teacher. And these -- great things and our capacity for doing that needs to expand. Bill gates' latest mission getting the world's wealthiest nations to continue investing in the developing world. A tough sell when many countries budgets -- severely strapped. At the G-20 summit next month you going to propose for the richest countries in the world to do and keep that commitment to give more to some of the poorest countries. Not a heavy lift in this. Era of austerity -- we really look at. How the world's improved in past few decades. It's very impressive how we reduce poverty. Reduced malnutrition and reduce the under five death rate. And we need to take lessons. The generosity the innovation and carry that forward despite the fact we have this economic crisis. How can you convince people here in this country that this is actually something that should be done well certainly if you talk to people about. Writing needs drugs to people would die otherwise providing a malaria bed that the protects children. The US voters are very generous about that -- -- very excited that the US has been the leader in both of those areas. And they're pretty surprised when they find out. That it's less than 1% of the federal budget going to -- very broadly. Where these high impact help programs are just a portion. And so you know we had a referendum. On -- -- aids drugs I'm sure we do quite well. As long as it doesn't get buried under these general terms -- -- the size of the government Europe. A broad terms about morning which brings up a history of Cold -- pointing that was dropped out of practice. You -- on Capitol Hill was sort of the welcome did you get they do have a tough constraints and so the question should these monies that help the poorest that enhance -- security. Should they be cut more than other things should they be cut equally or should they be preserved. Bouts. You know something that they're having to think about and -- reminding them. That every dollar makes a huge difference when President Obama. Says it's time to do in nation building -- hello. -- Johnson to that I think. Absolutely the United States has to go back and look at. What's going on with our education system what's going on our medical costs what's going out with our infrastructure. Our energy. -- there's some very important things which is one. 99%. Of the -- -- Will will focus domestically. There's a question if you do that. The US lead role in helping the very poorest. Get the vaccines and those things should you do your nation building now. I causing more of those people to -- -- should you maintained. At least at the lab do you promise that you went out the sad. That the vaccine fund the global fund we will put this money in all those promises going to be Matt and that's really at risk right now. There was an enormous outpouring when Steve Jobs died I mean -- -- -- anybody seen in a businessmen get so much reaction. How do you explain that. Well Steve Jobs did a fantastic. Job when you think about. Why is the world better today the -- -- -- the personal computer. The ball on the way you can deal with information. Is just so phenomenal. You must have heard about the book that's come out Walter Isaacson has written a book about he joked with his -- nation. And he said a few things about you which I want to run by you. I had some pretty tough words he basically said that you unimaginative had never invented anything and shamelessly ripped off other people's -- that's pretty tough stuff when you. What's your reaction to that. But Steve -- -- work together. Increase Sheen creating the -- we -- more people audit. Did the -- -- report saw over the course of in the thirty years we work together. In and he set a lot of very nice things about mean. And -- -- a lot of top things mean. He faced. Several times about the fact that their products were -- premium priced. That they literally. Might not stay in the marketplace of the fact that we were succeeding with high volume products. Including a range of prices because of the way we worked with. -- companies. Its top and so the fact that. You know at various times he felt beleaguered he felt like. He was he was the good guy we -- the bad -- -- -- very understandable I. You know respect Steve we got to work together we -- each other on even as competitors. None of that. Bothers me at all mr. gates thank you very much indeed.

This transcript has been automatically generated and may not be 100% accurate.

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