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You should not accept such a blatant PR stunt at face value. Why the Rich Give to Charity[1] Some give out of vanity. Some out of guilt. Some for the tax brea
by bigbugbag 11y ago
You should not accept such a blatant PR stunt at face value.
Why the Rich Give to Charity[1]
Some give out of vanity. Some out of guilt. Some for the tax breaks. Some give out of conviction that their success in business makes them equally expert in solving the world’s problems.
Yet perhaps the most powerful and common reason why the rich give is the idea most commonly referred to as “legacy.”
would you rather be remembered as that guy who build the biggest and meanest personal data collection machine, tracking people, extending global surveillance, pushing to destroy the foundation of the internet and made a fortune out of it (and a little stock trickery), or as the guy who gave most of his billions of money to charity ?
[1]:http://blogs.wsj.com/wealth/2012/03/08/why-the-rich-give-to-charity-2/ http://blogs.wsj.com/wealth/2012/03/08/why-the-rich-give-to-...
- markyc 11y agoso what? if he's really giving 99% of his wealth to charity, and on top of that puts effort into where the money goes and that it's put to good use, why do you care that he's doing that for legacy?
- gnaritas 11y ago> if he's really giving 99% of his wealth to charity By "charity" he means himself, his own charity foundation. He's basically putting the money in another pocket and calling it charity. It's a tax avoidance scam. Cheaper to give away 10% a year in the guise of charity than actually pay the taxes you'd owe.