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Post Reply Mark Zuckerberg donating 99% of his Facebook shares
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22 / M / The Cosmos
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Posted 12/1/15
so who exactly is getting this money?
Posted 12/2/15
Wow, that's wonderful of him. He should be proud, but at the same time I would've done the same thing considering it's the right thing to do. Cheers to Mark Zuckerberg, Legendary Legend of Legendaria.
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Posted 12/2/15
"Good on you, Stranger!" *Nod of approval.*
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28 / M
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Posted 12/2/15 , edited 12/2/15
People should always invest in people rather than giving away funds , I would be rather happy if he had announced opening a business in poor economy to create new jobs or he could start a small loan company in poorer countries , I'm not as rich as him but that is what my aim and that is what I'll do , you give away funds and the are wasted you invest funds and the create jobs
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102 / M / Hicksville Ohio(n...
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Posted 12/2/15

Gudservo wrote:

People should always invest in people rather than giving away funds , I would be rather happy if he had announced opening a business in poor economy to create new jobs or he could start a small loan company in poorer countries , I'm not as rich as him but that is what my aim and that is what I'll do , you give away funds and the are wasted you invest funds and the create jobs [/quote


+1 this idea. Half the money he donated to the Newark school system went to lawyers and teacher pack pay. He would be better off hiring a anonymous third party that runs around the country donating buildings or other long term beneficial items/ projects.

http://www.tampabay.com/topics/specials/worst-charities1.page kind of makes you sick
Posted 12/2/15 , edited 12/2/15

Gudservo wrote:

People should always invest in people rather than giving away funds , I would be rather happy if he had announced opening a business in poor economy to create new jobs or he could start a small loan company in poorer countries , I'm not as rich as him but that is what my aim and that is what I'll do , you give away funds and the are wasted you invest funds and the create jobs


Maybe those people will start businesses with such funds or something, rather than in some godforsaken country that'll years for the benefits to reach back hometown.

In fact, these seems to be exactly what he's doing. Investing in human potential.
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Posted 12/2/15
most likely doing it for publicity but i mean like as long as its for a good cause.... plus he's probably so rich by now that it wont even matter to him lol
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28 / M
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Posted 12/2/15

hicksvilledave wrote:


Gudservo wrote:

People should always invest in people rather than giving away funds , I would be rather happy if he had announced opening a business in poor economy to create new jobs or he could start a small loan company in poorer countries , I'm not as rich as him but that is what my aim and that is what I'll do , you give away funds and the are wasted you invest funds and the create jobs [/quote


+1 this idea. Half the money he donated to the Newark school system went to lawyers and teacher pack pay. He would be better off hiring a anonymous third party that runs around the country donating buildings or other long term beneficial items/ projects.

http://www.tampabay.com/topics/specials/worst-charities1.page kind of makes you sick


that is a good idea and that third party should be answerable to him or some authority , really Charity organizations need scrutiny and even if they are run well read my reply to next quote




PeripheralVisionary wrote:


Gudservo wrote:

People should always invest in people rather than giving away funds , I would be rather happy if he had announced opening a business in poor economy to create new jobs or he could start a small loan company in poorer countries , I'm not as rich as him but that is what my aim and that is what I'll do , you give away funds and the are wasted you invest funds and the create jobs


Maybe those people will start businesses with such funds or something, rather than in some godforsaken country that'll years for the benefits to reach back hometown.

In fact, these seems to be exactly what he's doing. Investing in human potential.


It is not about benefit it is about charity , In my opinion if you run a business for the benefit fo society there can't be any better charity , why hurt people pride why make them always someone needing help , give them courage to stand on their own feet and there is a psychological part of it as well

when you give someone money and its just a giveaway that person will just waste it but if you invest in them and tell them will need to work on this money and its not a give away and you have to earn bread and butter with it than that person will use it responsibly

actually Jaquline Novagtaz already have this formula implemented with great success , I look up to her although my thoughts are a lil different than hers ...
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Posted 12/2/15 , edited 12/2/15
The articles try to link it to the Bill Gates Foundation, and the other "recent wave" of billionaires turning philanthropists on their retirement, like George Lucas donating all his Disney-sale billions to charity--

Yeah, but y'see, the thing about the Bill Gates Foundation was that it was in the spirit of Carnegie Hall and the John D. Rockefeller Foundation, where corporate tyrants try to stay out of Hell by buying off their public legacy with charity at the last minute.
Dating back to the days when Alfred Nobel created the Nobel Prize, because he found out everyone was blaming his dynamite for all the WWI casualties and hated his guts.
(Which, I guess, makes the Lucas example fitting.)
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Posted 12/2/15 , edited 12/2/15
"human potential and equality"

Like...what is that? how are they gonna use that money and on who?
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25 / F / US
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Posted 12/2/15 , edited 12/2/15
According to this article he owns 54% of a company currently estimated at $303 billion. Folks, that's $163+ billion (this is obviously not synonymous with his net worth). Even if he contributes 99%, he's still left with $1,636,200,000. Could you live off of that? Naturally, this isn't the entirety of his wealth and he is going to remain the CEO of Facebook, so with the company's continuous growth his fortune is set.

Of course this is a massively generous donation, and I understand 100% his goal of changing the future for his daughter. I know a lot of parents who are scared for the future of their children. I think we're at a tumultuous time globally, and it will take a lot of humanitarian acts like this to change that.

For those of you interested in seeing what the Chan-Zuckerberg foundation has donated money towards since its inception in 2009, and what its future plans are, read this article.

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35 / M / Nottingham, Engla...
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Posted 12/2/15 , edited 12/2/15

biscuitnote wrote:

If I was his kid id be sooo pissed that I'm not gonna get a fat inheritance to set me for life.


I don't think anyone anywhere should ever get inheritance at all. All it does ensure the rich stay rich, often without merit. Would be far better if the money went to the tax fund and everyone's taxes would be reduced. But that is a whole other question and philosophical view point.
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24 / M / USA
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Posted 12/2/15 , edited 12/2/15

nekroneko wrote:


biscuitnote wrote:

If I was his kid id be sooo pissed that I'm not gonna get a fat inheritance to set me for life.


I don't think anyone anywhere should ever get inheritance at all. All it does ensure the rich stay rich, often without merit. Would be far better if the money went to the tax fund and everyone's taxes would be reduced. But that is a whole other question and philosophical view point.


That's pretty extreme and it reeks of class envy. Who are you to say how parents should help their children.
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44 / M
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Posted 12/2/15 , edited 12/2/15
Structured games of the mega-rich. He's "giving away" to a corporate entity that he will control.

"I'll take $19 dollars of the $20 dollars in my right pocket and put it in my left pocket! Aren't I a simply fantabulous human being?"
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20 / M / Ponce, P.R.
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Posted 12/2/15
I like the idea that his money is gonna be put to good use instead of just being left in a bank, considering he's still Facebook's CEO he'll make that money back in no time.
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