Zuckerbergs give away

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Discussion

CaptainSlow

Original Poster:

13,179 posts

213 months

funkyrobot

18,789 posts

229 months

Tuesday 1st December 2015
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Good causes, some of which are as bent as a gangland crime lord.

Wacky Racer

38,198 posts

248 months

Tuesday 1st December 2015
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He's giving them away During his lifetime

(Making sure he has enough to pay his gas bill)

Facebook's st anyway.

smile

hornetrider

63,161 posts

206 months

Tuesday 1st December 2015
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Don't know how anyone can be negative about this tbh. Massive kudos.

allnighter

6,663 posts

223 months

Tuesday 1st December 2015
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TBH I would do the same if I was only paying £4327 in corporate tax for a whole year.

Welshbeef

49,633 posts

199 months

Tuesday 1st December 2015
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Good for him - and with the wealth he has to give away you can make massive impacts.

You physically only need so much £

anonymous-user

55 months

Tuesday 1st December 2015
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Plus as long as people have shelter and food, most people are all pretty much at a pre determined level of happiness. Even after tragic or awesome events, they return to that level after a few months.

As many very well off people have realised, the only way fabulous wealth can buy real happiness is to use it for charitable means. It's the act of helping other people that can make someone that is wealthy happy..

BJG1

5,966 posts

213 months

Tuesday 1st December 2015
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allnighter said:
TBH I would do the same if I was only paying £4327 in corporate tax for a whole year.
His company pays a huge amount more corporation tax than that.

allnighter

6,663 posts

223 months

Tuesday 1st December 2015
quotequote all
BJG1 said:
allnighter said:
TBH I would do the same if I was only paying £4327 in corporate tax for a whole year.
His company pays a huge amount more corporation tax than that.
Social network giant Facebook paid just £4,327 ($6,643) in corporation tax in 2014. http://www.bbc.co.uk/news/business-34504474

BJG1

5,966 posts

213 months

Wednesday 2nd December 2015
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allnighter said:
BJG1 said:
allnighter said:
TBH I would do the same if I was only paying £4327 in corporate tax for a whole year.
His company pays a huge amount more corporation tax than that.
Social network giant Facebook paid just £4,327 ($6,643) in corporation tax in 2014. http://www.bbc.co.uk/news/business-34504474
Does his business only operate in the UK?

eharding

13,748 posts

285 months

Wednesday 2nd December 2015
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BJG1 said:
allnighter said:
BJG1 said:
allnighter said:
TBH I would do the same if I was only paying £4327 in corporate tax for a whole year.
His company pays a huge amount more corporation tax than that.
Social network giant Facebook paid just £4,327 ($6,643) in corporation tax in 2014. http://www.bbc.co.uk/news/business-34504474
Does his business only operate in the UK?
I'm amazed they paid even that much. Facebook's essential business model is to generally provide free stuff to idiots at a loss in most tax territories, in exchange for the idiots using that free stuff to share their innermost commercially-exploitable behaviour and characteristics, the exploitation of which occurs in the tax territories most favourable to Facebook and partners.

It isn't evil, criminal or, I'd say, morally dubious. It is simply the efficient commercial use of idiots - either those who subscribe to the system, or those who write and implement the tax legislation in those regions not generally in receipt of large income from Facebook.

Look on the bright side. If we can't make the world's idiots cost-effective through something like Facebook, eventually we're going to have to grind them up and feed them to the pigs.

darth_pies

697 posts

218 months

Wednesday 2nd December 2015
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Classic PH logic:

Person who shares their baby pics on a social network, owned by a corporation and paid for via advertising, with their private group of friends = 'idiot'

Person who shares their every misanthropic thought and deed on a 100% public car forum, owned by a corporation and paid for via advertising = 'legend'

confused Honestly don't get this 'its cool to bash idiots who use social media' attitude on PH when the PH forum is basically social media on a massive scale!

Not a huge fan of Facebook or Zuck but good on him for this gesture.

eharding

13,748 posts

285 months

Wednesday 2nd December 2015
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darth_pies said:
Classic PH logic:

Person who shares their baby pics on a social network, owned by a corporation and paid for via advertising, with their private group of friends = 'idiot'

Person who shares their every misanthropic thought and deed on a 100% public car forum, owned by a corporation and paid for via advertising = 'legend'

confused Honestly don't get this 'its cool to bash idiots who use social media' attitude on PH when the PH forum is basically social media on a massive scale!

Not a huge fan of Facebook or Zuck but good on him for this gesture.
Cue instant idiot who doesn't understand the difference between the intrinsic exploitation models of Facebook vs. PH. hehe

hornetrider

63,161 posts

206 months

Wednesday 2nd December 2015
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eharding said:
Cue instant idiot who doesn't understand the difference between the intrinsic exploitation models of Facebook vs. PH. hehe
Care to share?

As far as I can see they're both social media platforms selling their product (the users) to their customers (the advertisers).

I use both platforms. One to pontificate about motoring (and other) matters, the other to share photos with friends and family only. On neither do I ever click an advert or interact with the targeted advertising in any way.

anonymous-user

55 months

Wednesday 2nd December 2015
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Welshbeef said:
Good for him - and with the wealth he has to give away you can make massive impacts.

You physically only need so much £
Can't argue with your second sentence. Unfortunately he's not the first to put billions into charities with the aim of making the world better, alleviating world poverty and hunger etc.

It's not worked yet, has it?

Frankly, I'd think more of him if he just stopped taking advertising revenue for facebook, and earned a reasonable living from it some other way. Might make it more of a better world by curbing the manufacturers and suppliers of the junk everyone wants but doesn't need, rather than have high principled but unachievable aims.

soad

32,915 posts

177 months

Wednesday 2nd December 2015
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He's starting early - most billionaires wait until their later years to start giving away their fortune.

CrutyRammers

13,735 posts

199 months

Wednesday 2nd December 2015
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REALIST123 said:
Welshbeef said:
Good for him - and with the wealth he has to give away you can make massive impacts.

You physically only need so much £
Can't argue with your second sentence. Unfortunately he's not the first to put billions into charities with the aim of making the world better, alleviating world poverty and hunger etc.

It's not worked yet, has it?
Define "worked".
Mr Gates has had a fair success at getting rid polio, for example.

qube_TA

8,402 posts

246 months

Wednesday 2nd December 2015
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darth_pies said:
Not a huge fan of Facebook or Zuck but good on him for this gesture.
The cynic in me feels that yes he's giving money away, awesome. But he's giving it to his own 'charity' that he runs. His previous efforts swallowed up the money in fees and expenses, the output of his philanthropic work seems to be in the creation of computer software. I'd be interested to see what the outcome of his give away is but suspect he's doing this as a tax avoidance/PR thing rather than genuinely giving the money away. Awesome to be proven wrong.




ikarl

3,730 posts

200 months

Wednesday 2nd December 2015
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Money doesn't fix everything, but it can give it a try!

I'd love to see the top x amount of billionaires that have already committed to giving away their money get together and really try and fix the worlds problems;

Hunger
Environment
Disease
Energy

If Gates, Zuckerberg, Bloomberg, Musk, Ellison, Icahn, Buffet, Blakely, Allen, Potanin, Bhargava, Motsepe, Branson, Premji etc.. got together, combined their wealth, and targetted what they wanted to 'fix' is there really anything they couldn't influence/fix?

Puggit

48,490 posts

249 months

Wednesday 2nd December 2015
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soad said:
He's starting early - most billionaires wait until their later years to start giving away their fortune.
1% of $45bn is $450m - seems a comfortable enough amount of money hehe