Re:A letter to our daughter
by onewaystreet on Wednesday December 02, 2015 @02:42AM
(#10661544)
> Make 30% on investments, give away 10%
Any profits made from investments go back into the charity's holdings. This is a good thing.
"Charity" being Zuck's control. I don't think it's a good thing, I think it's a fancy way to avoid taxes (victimizing american taxpayers) while maintaining control of your fortune. When he gives his money to a charity that isn't his other pocket, then it's charity.
Which is just a way to setup a comfy retirement where you make more from the money than you have to give away to be considered a charity and everywhere you go is now "business" as long as you give some money away on the trip. Make 30% on investments, give away 10%, avoid all kinds of taxes and appear charitable all the while still in control of the whole fortune. Color me skeptical.