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When the people fear their government, there is tyranny.
When the government fears the people, there is liberty.
-- Thomas Jefferson

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becomes a revolutionary act.  -- George Orwell

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fight you, then you win.  -- Mahatma Gandhi

Others feel the same about Zuckerberg

Posted on | December 3, 2015 | 2 Comments

The ‘gotcha — it’s not really a charity!’ camp

BuzzFeed pointed out that the organization they’re donating to, the Chan Zuckerberg Initiative, is a corporation — an LLC — rather than a nonprofit charity. In addition, the initiative won’t necessarily be donating all the money to charitable causes — it will also make private investments and do things like advocacy work and lobbying.

Entrepreneur Anil Dash called the structure of the giveaway “clearly flawed,” but admitted that:

It’s impossible to know how much of those flaws are about ulterior corporatist goals and how much are accommodations of arcane regulations. For example, almost all non-profit organizations are founded as conventional corporations and then converted after the fact, so starting as an LLC may not be an indicator of future purpose.

As Bloomberg explains, setting up the organization as an LLC allows it to spend money on lobbying, earn money to reinvest in the organization, do joint ventures with fewer restrictions, and lets them give away money at a pace they determine rather than the mandatory 5% per year for non-profits.https://finance.yahoo.com/news/people-inexplicably-upset-mark-zuckerbergs-194819342.html

The ‘Zuck sucks’ camp

Gawker pointed out that Zuckerberg’s donation is going toward furthering the things that he thinks would help the world, which are not necessarily the things that other people think would help the world.

Category: Uncategorized

Comments

2 Responses to “Others feel the same about Zuckerberg”

  1. Atlanta Braves
    December 3rd, 2015 @ 9:44 am

    What seems lost on you is that the Zuckerbergs get to use their wealth however they desire. It’s irrelevant that others disagree with the charitable causes the Zuckerberg wish to support.

  2. dr_taitz@yahoo.com
    December 3rd, 2015 @ 12:52 pm

    of course they can use their money the way they want, however it is important to show tremendous damage Zuckerberg and his co-horts caues to American workers and particularly to American tech workers by pushing open border policies

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