Mark Zuckerberg to Donate Most of His Wealth to Charity

[No Passaran]

At only 26 years of age, Mark Zuckerberg is one of the world’s youngest billionaires, but he’s not keeping it all for himself. By signing on to Bill Gates and Warren Buffet’s initiative called the “Giving Pledge,” Mark agreed to give most of his wealth to charity.

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According to Forbes’ estimate, Mark Zuckerberg is worth $6.9 billion, which makes him the 35th most wealthy Americans.

http://mashable.com/2010/12/09/mark-zuckerberg/

[Luciferous]

1. Good for him.

[KamaAina]

2. But which charity?

His best-known philanthropic effort so far is $100M to help privatize Newark, NJ schools. :eyes:

[jwirr]

4. We forget that all too many give to causes that help no one.

[no limit]

5. Just because you don't like private schools you think they help no one?

[blondeatlast]

8. They help no one who needs help. "Affordable" charter schools

are a myth. They are no more accessible to the majority of the working class than the Judson School is.

[no limit]

11. Did his donation do just that? Provide private school edcucation to people that couldnt afford it?

[No Passaran]

13. Of course not

[Hannah Bell]

15. They help hedge fund capitalists & scammers.

[Hannah Bell]

14. Or help *them*. Pete Peterson made the pledge too: his billions are going to his own

Foundation, which is dedicated to teaching the peons that they don't need Social Security.

No joke.

For this, he doesn't have to pay taxes on billions.

[SheilaT]

3. Did Facebook go public?

I just read a book about Zuckerberg and Facebook, and at the end it still hadn't gone public. I would have thought I'd have noticed that bit of news.

[eleny]

6. Not yet according to MZ on 60 Miinutes this past Sunday

[SheilaT]

12. Okay then, if Facebook is still not public,

then Zuckerberg's net worth is still only hypothetical. It's going to be vast, but unless he's paying himself a ginormous salary, his current net worth ought to be fairly modest.

[GSLevel9]

7. I just can't get over the fact that he's 26...

what a LIFE he has in store for him!

[leftstreet]

9. Rich people helping each other hide their money from the peons

'The Giving Pledge' is fucking scary

[Lucinda]

10. He can do what he likes with it as far as I'm concerned...but

if he wants to adopt me and send about 130k my way I wouldn't complain. I'd be in great shape then!

[upi402]

16. These men are remarkable

Did you see Gates' TEDtalk? "Innovating to Zero"
http://www.ted.com/talks/bill_gates.html
He's a gift and I forgive him for squashing all struggling competitors by now. Buffet too. His quote about his secretary paying more taxes than him is handy to throw out.

[Hannah Bell]

17. gates is a gift horse -- as in trojan.

watch what they *do* not what they *say*

[Imagevision]

18. Well, if he(as others)don't give to charity the option is the government owns it - in

yearly taxation. heavy sigh Mark...

[SoCalDem]

19. Here's what I don't like about this type of philanthropy

These people get insanely RICH because of the financial/marketplace climate in the US.. They loathe paying taxes, and often support the most right wing ideologues, and then when they amass "too much" money, they decide to "give it away".. When they do this, they just get MORE tax relief, and get to "choose" whomever THEY deem worthy.

If they paid their fair share all along, that tax money would be in the government coffers, relieving some of the debt we have, and would be available to the "common good"...not for specific pet projects.