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If you're in the US and want to actually make the world better there are ridiculously more efficient ways to do so than handing your money to the government. Ta
by Omniusaspirer 11y ago
If you're in the US and want to actually make the world better there are ridiculously more efficient ways to do so than handing your money to the government. Tax dollars paid in the US are probably more of a negative force in the world than a positive one when you consider the damage our military and corporate subsidies have done over the last 50 years.
- scott_karana 11y agoFacebook has oodles of untaxed cash by virtue of the Double Irish, so it could choose any of a number of EU governments to invest charitably in. Not just the USA. I wonder what Greece would think of free cash injections, for example? What could improved infrastructure do for that struggling country?
- markyc 11y agowhat makes you think pumping even more free cash into greece would help anybody but a select few that handles that cash? just throwing cash at problems rarely fixes them, what these guys are trying to do (zuck, gates, etc) is create a movement that goes for the root of the problems. it's quite encouraging and kudos to them
- scott_karana 11y agoGreece was a random (and poor) example. The pith of my point was that Facebook does not need to repatriate money to America and get taxed to do good, contrary to my post's parent's assertion. There is plenty of good to be done all over the world, and Facebook already has untaxed pools of Euros to use.
- grp 11y agoI don't disagree, but it's not because his wealth is actually valued at 45B that he deserves more democratic power than me or anyone else in the US or the world. This trend for "corporations can make the world better" is misleading. Everyone else has failed: military corp, narco, public corp (as in ancient urrs), ... If only one has succeed, we should see it.