Saturday, March 5, 2016

MARK ZUCKERBERG

“After Mark Zuckerberg and his wife Priscilla Chan announced their plan to donate nearly all of their Facebook stock to charitable causes, the initial laudatory coverage was followed by a series of stories that raised many important questions about their decision, - including its implications for avoiding – taxes, the large sums it would potentially cost the US government, and the huge amount of power it would place in the hands of two people. As John Cassidy observed in The New Yorker, ‘The more money billionaires give to their charitable foundations, which in most cases remain under their personal
control, the more influence they will accumulate.’"


Massing, Michael, ‘How to Cover the One Percent,’ The New York Review, January 14, 2016, pp: 74-76.