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> What he's doing is smart if he wants to have the maximum impart on the world. I like how he's found a way to give his money away while keeping it. He uses a

by eggie 11y ago

> What he's doing is smart if he wants to have the maximum impart on the world. I like how he's found a way to give his money away while keeping it. He uses an LLC instead of a charity. This is some smart stuff. It's also nasty. He skirts oversight that is typically rendered on actual charities precisely so that they don't allow their backers to dip twice into the social pie. He gets to keep his money, and he gets to be a philanthropist.

al626 11y ago
Consider two situations: 1) Zuckerberg wants to preserve his fortune whilst gaining good PR for donating money to charity. 2) Zuckerberg genuinely wants to change the world. In (1), it clearly hasn't worked then given all of the comments around here. Is it not highly likely that he would have considered this backlash that he received? If I was in his position and wanted to achieve (1), I would make a high profile donation of ~$1 billion (~2% of his worth) to a respectable charity. The global distribution of anti-malarial bed nets would never have as great an impact on health and poverty as something like the invention of the electric light bulb. Sometimes what is best for increasing quality of life around the world isn't the redistribution of wealth and cannot be achieved in a charitable structure. In scenario (2), it is completely reasonable to set up an LLC for this purpose. Instead of thinking 'what's the worst he can do?' think 'what's the best he can do?'
- eggie 11y ago
  > In (1), it clearly hasn't worked then given all of the comments around here. Is it not highly likely that he would have considered this backlash that he received? If I was in his position and wanted to achieve (1), I would make a high profile donation of ~$1 billion (~2% of his worth) to a respectable charity. Most people think he gave the money to charity. They will notice this isn't the case when the "charity" has amassed 5x its current value and he's donating 10B to someone's political campaign.

by eggie 11y ago

al626 11y ago

Consider two situations: 1) Zuckerberg wants to preserve his fortune whilst gaining good PR for donating money to charity. 2) Zuckerberg genuinely wants to change the world. In (1), it clearly hasn't worked then given all of the comments around here. Is it not highly likely that he would have considered this backlash that he received? If I was in his position and wanted to achieve (1), I would make a high profile donation of ~$1 billion (~2% of his worth) to a respectable charity. The global distribution of anti-malarial bed nets would never have as great an impact on health and poverty as something like the invention of the electric light bulb. Sometimes what is best for increasing quality of life around the world isn't the redistribution of wealth and cannot be achieved in a charitable structure. In scenario (2), it is completely reasonable to set up an LLC for this purpose. Instead of thinking 'what's the worst he can do?' think 'what's the best he can do?'

eggie 11y ago
> In (1), it clearly hasn't worked then given all of the comments around here. Is it not highly likely that he would have considered this backlash that he received? If I was in his position and wanted to achieve (1), I would make a high profile donation of ~$1 billion (~2% of his worth) to a respectable charity. Most people think he gave the money to charity. They will notice this isn't the case when the "charity" has amassed 5x its current value and he's donating 10B to someone's political campaign.