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Re:A letter to our daughter by slg on Tuesday December 01, 2015 @05:21PM (#10659327)
>You spend $45B on changing the way governments and populations live work and how power is balanced.

$45B is even overkill for that. Each presidential candidate spent (or had spent on their behalf) roughly $1B in 2012. Zuckerberg therefore could have doubled a candidates spending for each presidential election for the rest of his life and still have half his fortune. $45B is that huge.

EDIT: The multiple downvotes seem to indicate I said something that is disagreeable. I'm not implying that buying elections would be a better use of Zuckerberg's money, just that he has so much money that elections are just more "stuff" he could buy without even thinking hard about it.

Re:A letter to our daughter by AndrewKemendo on Tuesday December 01, 2015 @05:34PM (#10659399)
The Koch brothers have a combined $100BN and they still haven't gotten the influence that they want. So yes, $45B is a shitload, but practically once you spread it out to where you need it to be to make the world look like you want it to, it still only makes a dent.
Re:A letter to our daughter by slg on Tuesday December 01, 2015 @05:49PM (#10659500)
The Koch brothers are the most influential political backers in the country and they spend somewhere in the neighborhood of $200M per election cycle. They are the closest someone has come to trying to buy an election, but even their donations are still only rounding errors in comparison to their overall fortune. Politics is a relatively cheap game for someone with tens of billions of dollars.
Re:A letter to our daughter by brbsix on Tuesday December 01, 2015 @06:12PM (#10659629)
It is a cheap game for someone with millions of dollars even. ROI on these sort of political contributions can be absolutely insane. Apparently corporations on average receive ~$760 for every $1 spent influencing politics. Depending on the industry, ROI is anywhere from 5,000 to 77,000 percent.

http://www.zerohedge.com/news/2015-03-16/words-greatest-inve...

Re:A letter to our daughter by lmm on Wednesday December 02, 2015 @04:36AM (#10661913)
Zerohedge is... rarely aligned with reality. Do you have a reliable source?
Re:A letter to our daughter by mseebach on Wednesday December 02, 2015 @07:07AM (#10662443)
> Depending on the industry, ROI is anywhere from 5,000 to 77,000 percent.

That is clearly not true. If that sort of ROI existed in anywhere near the general case, a lot more people and companies would spend a lot more money on it, and they don't. Perhaps there exists lobbying opportunities with these kinds of ROIs, but they are limited, and there definitely isn't a 5,000% floor on it.

https://www.washingtonpost.com/news/the-fix/wp/2015/05/04/am...

I think the problem with the zerohedge article (and the report it summarises) is that, first, they seem to assume that all corporate welfare benefits the businesses doing the lobbying locally (not to businesses in general, which is probably more the case -- Ford lobbying against foreign competition will help Chevrolet equally, regardless of how much either firm spends on lobbying), and second, that corporate welfare only exists because of lobbying: Politicians still need to get elected, and creating industry, jobs and high-profile ribbon-cutting opportunities in their districts (regardless of whether businesses lobby them for it or not) is likely to remain a popular tactic in the absence of lobbying.

Re:A letter to our daughter by sukulaku on Wednesday December 02, 2015 @08:00AM (#10662649)
I'm not sure if you meant it that way, but for the record: politicians don't create jobs - entrepreneurs do.

The best thing politicians can do for the common good, is to get the hell out of the way and let productive people be productive.

Re:A letter to our daughter by mseebach on Wednesday December 02, 2015 @08:35AM (#10662815)
I agree fully with you -- I was trying to frame the comment inside the political calculus, in which actors can certainly redirect public funds in such away that it appears new jobs are created in their districts, even if it's often zero or negative sum for the economy at large.