Re:Facebook pauses app reviews, disables new user authorizat...
by omegaworks on Wednesday March 28, 2018 @06:15PM
(#16702516)
>You do realize that Zuck has pledged away 99% of his wealth?
Please stop spreading PR. He put the money into a limited-liability corporation, and spread a bunch of articles about a "pledge." It's nothing more then a tax-sheltered investment vehicle.[1] This is not the same as putting it into a charitable trust. He can use the money to influence whoever he decides to give it to.
"Corporations can make for-profit investments and political donations—and unlike charitable trusts, they don’t have to report their political donations."
Please stop spreading PR. He put the money into a limited-liability corporation, and spread a bunch of articles about a "pledge." It's nothing more then a tax-sheltered investment vehicle.[1] This is not the same as putting it into a charitable trust. He can use the money to influence whoever he decides to give it to.
1. http://fortune.com/2015/12/02/zuckerberg-charity/
"Corporations can make for-profit investments and political donations—and unlike charitable trusts, they don’t have to report their political donations."