UnNews:Zuckerberg: New charity is legitimate

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Zuckerberg: New charity is legitimate

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4 December 2015


At least my daughter will like me — even after I give away her inheritance.

SAN FRANCISCO, California -- Facebook founder Mark Zuckerberg has a zillion dollars and there is only one thing he needs: for people to begin to like him.

The co-founder of Facebook, which has coaxed billions worldwide to put their most personal secrets on-line even faster than Google could spy it out of them, has, with wife "Dr." Chan, co-authored an "open letter" to their daughter. Only, she has the dreadful name of Maxima, and at the age of 0, is unable to read it. However, everyone else can.

In the letter, Zuckerberg pledges to focus on "personalized learning, curing disease, connecting people and building strong communities" — a good way to ensure that, when little Max becomes able to read, she still won't understand — and has pledged 99% of his Facebook shares to a new Chan Zuckerberg Initiative. The initial focus of the charity will be more of the third-party involvement in energy that has worked so well, and "equality." As recently reported here, President Obama's $400,000-per-year is hardly equal to the salaries of the Muslims who shot up Paris, or even the Muslim health inspector who this week decided there was too much of it at a San Bernardino Christmas party. Perhaps more income equality would have prevented the massacre by helping him pursue his hobbies: making a hajj to Mecca and collecting pipe-bombs.

Sadly, a skeptical American public has concluded that the Chan Zuckerberg foundation is a simple tax dodge. It will not keep him from controlling Facebook and the transfer is non-taxable, outraging those in government who want to tax every exhale and every mile driven. The Daily Beast charges that Zuckerberg is getting "massive subsidies from the rest of the country," as he does every time he eats breakfast without having to fill out an IRS form on it.

Zuckerberg has now posted — to Facebook, naturally — that structuring the deal as a Limited Liability Corporation lets them "gain flexibility to execute our mission more effectively" and that the pair will indeed pay taxes, assuming the foundation sells the Facebook shares, and assuming he goes through with it and transfers the rest of the shares in future decades — rather than break the heart of little Max, who by that point will probably just want her college to be paid for.

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