Mark Zuckerberg giving away 99% of his shares to promote equality for all children.

[rubyjackass]

This is an investment，not really a donation.Zukerburg will have to pay much less tax now.

US capitalists and bloodsuckers are good at this trick

Some indians are really childish and stupid.

The guy set us all a good example. Making billions and stashing it away in banks makes the money useless. And will you forgo your salary to avoid taxes?

45 billion not million

I would spend it all on education, esp in areas where none exist or it exists very poorly.....both primary and secondary mostly imo.

I second your opinion. Education for all with $40 bil is possible. Once every one is educated, the other things can be tackled automatically in the next generation.

 

[Mike_Brando]

Think about it. How can tax offset from giving away 99% of your stock result in a net gain in total wealth?

You silly little low IQ,toilet less Indian,how dare you challenge the might of a extremely high IQ chinese like him and that too in an international forum.Whatever he is claiming is the truth,everything else including Mark Zuckerberg's own statement is false and nothing but blatant capitalism!!

 

[Sky lord]

I second your opinion. Education for all with $40 bil is possible. Once every one is educated, the other things can be tackled automatically in the next generation.

I would argue that Health is as, if not more, important than education. If a child's IQ is stunted due to lack of essential nutrients then nothing else works and it is really easy to fix given a little focus.

Internet connectivity gives back a lot, education and networking, an internet connection can get you schooled and give you a job afterwards. At India's level of development, skills training might be more important than education per se ...not for everyone...obviously you need highly educated people too.

 

[rubyjackass]

I would argue that Health is as, if not more, important than education. If a child's IQ is stunted due to lack of essential nutrients then nothing else works and it is really easy to fix given a little focus.

Internet connectivity gives back a lot, education and networking, an internet connection can get you schooled and give you a job afterwards. At India's level of development, skills training might be more important than education per se ...not for everyone...obviously you need highly educated people too.

Health is IMO a recurring expense. Education is not. One generation of educated people(no child left behind) and we will be able to solve all issues. We are talking about basic education here. Which will teach them how to count, cleanliness, importance of health and nutrition, may be technology and its uses.

These people will grow up knowing the importance of nutrition, education, skills training and internet too.

 

[Curious_Guy]

If he is really doing it then i think Health & Education are the fields ..he should put his money in

 

[Audio]

Clearly I am the one that needs to do the growing up

Settlement to the Vinklevoss twins says he is correct at least in some part.

 

[xyxmt]

Think about it. How can tax offset from giving away 99% of your stock result in a net gain in total wealth?

well lets assume he is making 50 million a year, those 45 billion are in stocks and when he sells it 99% of it will goto taxes and even it will take a big chunk of his 50 million he made towards taxes. Thats what Gates did, instead of paying to govt who would most probably waste it, he is using all that stock money to charities.

 

[Jamwal's]

So jews are not so thrifty after all.

He should donate some money to israel and their military R&D so that jews could develop some cool weapon systems Barak and earn 2* from the original investment.Also he can have a weapon after his name Mark Sling or mark SPICE lol.

 

[Sky lord]

Health is IMO a recurring expense.

Childhood health ie first five years of life is not a recurring expense and it saves a lot of health care dollars in the future, not to mention sick days from work for the parents and for the child as he becomes adult. Should be combined with vaccinations, sanitation, maternal nutrition everything to keep babies and toddlers healthy and happy.

 

[Guynextdoor2]

This is an investment，not really a donation.Zukerburg will have to pay much less tax now.

US capitalists and bloodsuckers are good at this trick

Some indians are really childish and stupid.

And you lose 45 billion to save tax?

 

[Koovie]

Healthcare and education!

A healthy and educated young population is the key to development.

 

[Sky lord]

well lets assume he is making 50 million a year, those 45 billion are in stocks and when he sells it 99% of it will goto taxes and even it will take a big chunk of his 50 million he made towards taxes. Thats what Gates did, instead of paying to govt who would most probably waste it, he is using all that stock money to charities.

Madam ji, a billion is a thousand million. Just think about it. How can giving away 45,000 million to offset tax from 50 million make you richer?

The guy is trying to do something good. He comes from a middle class family and still has middle class family values. Let's appreciate him.

BTW, the big concern here is that his previous philanthropy has not been successful, he tried to fix the school system in the state of New. Jersey and did not succeed. Hopefully this time around he gets better managers. Gates actually waited to the end of his career before moving full time into philanthropy, while Zuckerberg will remain at FB . Hopefully all this money is not wasted.

 

[xyxmt]

Madam ji, a billion is a thousand million. Just think about it. How can giving away 45,000 million to offset tax from 50 million make you richer?

I am not saying it will make him rich, I am saying that 45 billion is not his money anyway it will go to uncle Sam as soon as its converted to cash.

 

[C130]

give 10% to Elon Musk and watch the space age become a reality


Max or her kids will be living in space

 

[Sky lord]

I am not saying it will make him rich, I am saying that 45 billion is not his money anyway it will go to uncle Sam as soon as its converted to cash.

Even If he had a very bad tax advisor, at most 40% would go to Uncle Sam. No country has 100% capital gains tax certainly not the capitalist US.

give 10% to Elon Musk and watch the space age become a reality


Max or her kids will be living in space

But Elon Musk already has that covered. I doubt if he would ever have trouble raising money.

What about kids who through no fault of their own were born to extreme disadvantage?