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> Now he's giving 99% of his wealth to a charity he controls. Which is just a way to setup a comfy retirement where you make more from the money than you have
by gnaritas 11y ago
> Now he's giving 99% of his wealth to a charity he controls.
Which is just a way to setup a comfy retirement where you make more from the money than you have to give away to be considered a charity and everywhere you go is now "business" as long as you give some money away on the trip. Make 30% on investments, give away 10%, avoid all kinds of taxes and appear charitable all the while still in control of the whole fortune. Color me skeptical.
- onewaystreet 11y ago> Make 30% on investments, give away 10% Any profits made from investments go back into the charity's holdings. This is a good thing.
- gnaritas 11y ago"Charity" being Zuck's control. I don't think it's a good thing, I think it's a fancy way to avoid taxes (victimizing american taxpayers) while maintaining control of your fortune. When he gives his money to a charity that isn't his other pocket, then it's charity.