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Mark Zuckerberg donates $500 million

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Re: Mark Zuckerberg donates $500 million

#111
post #81

Earlier quoted context omitted.

What on earth does "what most people feel" have to do with anything? Nobody in Germany seemed to care that much about what Hitler was doing until they lost the war.

Off-topic but: http://en.wikipedia.org/wiki/Godwins_law

I know very well about the frustrating action on the internet where if you use Hitler for an extreme example of anything to make the point clear, someone's going to link Godwin's law.

Re: Mark Zuckerberg donates $500 million

#112
post #18
post #8

Earlier quoted context omitted.

I would always prefer the wealth coming from inside the system, not being first taken by individuals and then spread at their whim. Such wealth would much rather be a sustainable source. A well functioning society/government would know exactly how to spend it well. In many cases, to me, the good the rich do does not nearly weigh in for their wrongdoings.

Where does your faith on government spending come from? Because I have exactly the opposite impression. The most extreme form of government spending is communism, and that didn't work out at all. The problem with governments is that they spend other people's money, so they have less incentives for being prudent with it.

I specifically said "well functioning". I definitely did not meant a corrupt and anti-social government.

Re: Mark Zuckerberg donates $500 million

#115
post #81

Earlier quoted context omitted.

Off-topic but: http://en.wikipedia.org/wiki/Godwins_law

I know very well about the frustrating action on the internet where if you use Hitler for an extreme example of anything to make the point clear, someone's going to link Godwin's law.

Well, if you prefer an on-topic response:

The guy gave 500 million dollars to improve something in this world... The way he runs his company (or as someone else in this thread said, the company "runs itself") has nothing to do with it.

Still on the Hitler topic, I don't think you could opt-out of being german, nor could you voice your opinion freely against whatever was happening without fear of the consequences.

What I think, and in this I think you agree with me, is that Facebook should be more transparent as to what is done to your data, so that people would make a conscious choice of using it or not.

Re: Mark Zuckerberg donates $500 million

#116
Many people are asking "why?" Too often we take for granted why we should give to charity, so it's a valid question.

Some quotes below on why.

"The world is complex, and it can't be entirely fair from a what you contribute to what you get - it's very very uneven." - Ben Horowitz (source: http://www.youtube.com/watch?v=sqI7fa04atc&t=106m0s see 1:46:00)

"I've worked in an economy that rewards someone who saves the lives of others on a battlefield with a medal, rewards a great teacher with thank-you notes from parents, but rewards those who can detect the mispricing of securities with sums reaching into the billions. In short, fate's distribution of long straws is wildly capricious." - Warren Buffet (source: http://givingpledge.org/#warren_buffett)

Re: Mark Zuckerberg donates $500 million

#117
post #61

I'm getting a bit miffed at the comments talking about this being a "PR move" or helpful for a "tax break". Did I read this wrong or did it not say 500. MILLION. dollars? The cynicism must be pretty darn strong to try and explain that away by anything other than Zuck wanting to do some good with his shares and money. We should be applauding it, not over-analyzing it for how it benefits him.

Agreed. Who cares if there is a tax break for this. I think this donation is well-timed and I would like to see more "rich" corporations follow suit. I was initially thinking he might do something for Sandy Hook. There is a community torn to shreds that will never be the same. Here is a list of ways we can all help now: http://www.huffingtonpost.com/mobileweb/2012/12/14/connectic...

I care. Or well, I care if there _aren't_ tax breaks for this. People who complain about this being a PR stunt or driven by self-interest are missing the point. If appeals to self-interest are what it takes to get people to do good, then we should appeal to people's self interest and applaud those who give in to those appeals.

This kind of dignity just doesn't apply when it comes to solving certain problems. I doubt the kids with new opportunities in Newark, or the people without TB or Malaria in Africa give two shits about what motivated the people who helped them.

Edit: One other thing worth noting is that tax breaks for charitable donations in the US are actually a really, really awesome thing for the government to do. It's basically Uncle Sam saying "yanno what, we understand that there are certain things that government doesn't do well, so we're going to approve you diverting some of your taxes to these other organizations who do it better."

Re: Mark Zuckerberg donates $500 million

#118
Very nice. It's good to see a lot of rich folks, both young and old (Buffet, Bloomberg, Gates) donating their money. When you're young it's all about accumulating as much money as you can from others in the form of businesses. Then as you get old, you start asking yourself what good all that money is when you're going to rot away in the ground like everyone else. After you win "the game" and enjoy the prize, you might as well disperse it. No use holding onto green paper if it doesn't change the world or make it better. At least Mark, at his young age, will get to see his donation actually used over the next few decades.

Re: Mark Zuckerberg donates $500 million

#119
post #61

I'm getting a bit miffed at the comments talking about this being a "PR move" or helpful for a "tax break". Did I read this wrong or did it not say 500. MILLION. dollars? The cynicism must be pretty darn strong to try and explain that away by anything other than Zuck wanting to do some good with his shares and money. We should be applauding it, not over-analyzing it for how it benefits him.

> Did I read this wrong or did it not say 500. MILLION. dollars? This isn't directed at Zuck or Facebook, or anything. Because I really don't know him. But regarding your shock about the dollar amount... Keep in mind that it's incredibly easy to be generous when you are at the top. It's actually so easy, that it's almost effortless . There really is a difference between a man that writes a check that makes no differe…

Ok, you can go back to celebrating your Steve Jobs poster. Jobs showed how much of a maverick he was by keeping all his money to himself and fuck the world. Now THAT took real courage and effort.

Re: Mark Zuckerberg donates $500 million

#120

Earlier quoted context omitted.

Why not celebrate both? Beyond that, even if we accept the premise that it's easier for Zucker to give away $500MM than someone with little to donate a fraction of that amount, the money will absolutely have a great net impact on society as a whole. Isn't that contribution to the betterment of all worth a major celebration? I think part of the problem is that it's hard to conceptualize what sort of impact donations a…

If you think the aid is effective, you can celebrate that. But (for example purposes - not targeting Zuck) why would you celebrate a person who is using a donation as a tax write-off?

This complaint comes up every time. But, can anyone explain to me how spending $500 mil /for the purpose/ of saving less than 500 mil in taxes would make any sense at all? People tend to frame it as if it was somehow a profitable maneuver.
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