The tax-avoiding Facebook mogul and an act of charity that reeks of hypocrisy

dailymail.co.uk ^ | 12/2/2015 | Ian Birrell

[rktman]

Once, it was enough to put a notice in the newspaper when your child was born. But Mark Zuckerberg, the multi-billionaire founder of Facebook, likes to do things differently.

So he welcomed his newborn daughter, Max, into the world with an open letter on his social media site, in which he and his wife, Priscilla Chan, pledged to donate almost all their £30 billion fortune to charity during their lives.

The happy couple talked rather smugly about how their first child gave them cause to reflect on the future, saying they were inspired by their desire to build a better world and because they have a ‘moral responsibility to all children in the next generation’.

[Timpanagos1]

I’m not advocating the causes and candidates that will get Zuckerberg’s money, but only stating that it is his money and he can spend it as he wishes.

[4rcane]

No, I just want a way to exposed the fraud that this is. I want accountability. This isn’t charity at all

[Timpanagos1]

No, it’s not charity, it’s his money.

[smokingfrog]

He can spend his money as he wishes. Just don’t try an pretend it’s all for charity. These people are well versed in how to use the tax code to promote their liberal agenda.

http://www.cbc.ca/news/business/facebook-mark-zuckerberg-charity-share-donation-1.3346966

[cherry]

these buffoons will support leftist foundations and not be taxed for it....meanwhile, we have to itemize our donations to Goodwill.....

[arl295]

This clown donated 100 Million to the Newark Public School district, during Cory Booker’s rein of terror

Nobody can tell you what a single dime was spent on, but they all know it is all gone......

“charity” is just another scam to these people

[dennisw]

Who controls the charity? Since charities don’t pay taxes, he’s essentially giving it to himself in which he control. Its like moving it from left pocket (taxes) to the right pocket (no taxes)

Zucky has the billions but he also wants the power. He funds his foundation with billions of his dollars and he gets lots of power to back all his pet causes with millions of his dollars. Zucky's tax free foundation can spend millions trying to get states to adopt crazy gun control laws. It can spend millions on ethnic pressure groups like La Raza. It send hundreds of millions to leftist NGOs of all types.

[dennisw]

Queenctown, Atlanta, United States, 14 hours ago

And when the super-rich do “donate”, they usually give to their own foundations which is another tax scam. They get a current income tax deduction yet the foundation only has to give a small fraction of its assets for charitable purposes and can retain the rest basically forever. This allows them to brag about their generosity while they and their descendants can still control the “donated” assets perpetually.