Zuckerberg Pledges 99% of Facebook Wealth "to Advance Humanity"

[DGuller]

Executive summary?

[Admiral Yi]

Executive summary?

When rich people do nice things it's still evil.

I didn't read the whole thing.

[DGuller]

Executive summary?

When rich people do nice things it's still evil.

I didn't read the whole thing.

Me neither, the blood on my eyes got too thick to see through about quarter of the way in.

[Valmy]

Executive summary?

When rich people do nice things it's still evil.

I didn't read the whole thing.

It is because of Andrew Carnegie. Before him philanthropy was ok.

[Baron von Schtinkenbutt]

Btw, does this mean that Zuckerberg will be skipping out on paying billions of dollars in capital gains tax?

Of course.

Actually, the way he is structuring this venture he won't avoid it.  The new entity is going to be a standard corporation to avoid the restrictions placed upon non-profits.

[Admiral Yi]

It is because of Andrew Carnegie. Before him philanthropy was ok.

I imagine you are being facetious, but I disagree anyway.  Carnegie's philanthropy was definitely OK.  This article is part and parcel of the current class war against fat cats and billionaires.

[Admiral Yi]

Actually, the way he is structuring this venture he won't avoid it.  The new entity is going to be a standard corporation to avoid the restrictions placed upon non-profits.

OK.  But presumably he would still get the write off when he disburses money from his privately owned for profit corporation.

[Valmy]

It is because of Andrew Carnegie. Before him philanthropy was ok.

I imagine you are being facetious, but I disagree anyway.  Carnegie's philanthropy was definitely OK.  This article is part and parcel of the current class war against fat cats and billionaires.

I just did not get the connection between how Carnegie being mean to workers has anything to do with Zuckerberg

What do those two guys have in common besides both having loads of cash to give away? And the author really bends over backwards to find anything to portray Zuckerberg as a monster. Facebook got rich STEALING IDENTITY and he got his start FACILITATING DATE-RAPE. RAPE CULTURE BILLIONAIRE!!

Yeah it was pretty ridiculous.

[Berkut]

It is because of Andrew Carnegie. Before him philanthropy was ok.

I imagine you are being facetious, but I disagree anyway.  Carnegie's philanthropy was definitely OK.  This article is part and parcel of the current class war against fat cats and billionaires.

I just did not get the connection between how Carnegie being mean to workers has anything to do with Zuckerberg

What do those two guys have in common besides both having loads of cash to give away? And the author really bends over backwards to find anything to portray Zuckerberg as a monster. Facebook got rich STEALING IDENTITY and he got his start FACILITATING DATE-RAPE. RAPE CULTURE BILLIONAIRE!!

Yeah it was pretty ridiculous.

I really appreciated the author throwing that right into the beginning of his article. Saved me some time.

[Baron von Schtinkenbutt]

Actually, the way he is structuring this venture he won't avoid it.  The new entity is going to be a standard corporation to avoid the restrictions placed upon non-profits.

OK.  But presumably he would still get the write off when he disburses money from his privately owned for profit corporation.

Only if the money goes to tax-deductible purposes.  The point of structuring this as an LLC is to not have investments restricted to certain purposes.

Plus, he doesn't need to form a corporation if all he wants to do is disburse his money.

[Savonarola]

I just did not get the connection between how Carnegie being mean to workers has anything to do with Zuckerberg

The author's primary concern is obviously income inequality.  The connections that he uses to tie this to Zuckerberg, (Andrew Carnegie, loss of union jobs due to Uber and Air BNB, early retirement for senior teachers in Newark) are all tenuous; but without Zuckerberg to pillory it's unlikely this editorial would receive much notice.  It would be yet another screed about income inequality on Al-Jazeera.

What do those two guys have in common besides both having loads of cash to give away? And the author really bends over backwards to find anything to portray Zuckerberg as a monster. Facebook got rich STEALING IDENTITY and he got his start FACILITATING DATE-RAPE. RAPE CULTURE BILLIONAIRE!!

Yeah it was pretty ridiculous.

That was the part that reminded me of Major Barbara.  Zuckerberg's charity is funded with tainted money.

[Siege]

What a retard.
Why doesn't he do what rich people are supposed to do, invest money and create wealth and jobs while they get richer and invest more money and create even more wealth and jobs?

[DGuller]

What a retard.
Why doesn't he do what rich people are supposed to do, invest money and create wealth and jobs while they get richer and invest more money and create even more wealth and jobs?

D+

[Valmy]

What a retard.
Why doesn't he do what rich people are supposed to do, invest money and create wealth and jobs while they get richer and invest more money and create even more wealth and jobs?

He is investing money but in technology and research. Fuck dude I thought you were on my side here. What happened to the singularity? Now you are obsessed with piddly low tech economic bullshit?

[Razgovory]

What a retard.
Why doesn't he do what rich people are supposed to do, invest money and create wealth and jobs while they get richer and invest more money and create even more wealth and jobs?

China has enough investment, Siege.  Stop trying to give them American stuff.