{"id":205706,"date":"2015-12-03T16:43:34","date_gmt":"2015-12-03T16:43:34","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/?p=205706"},"modified":"2015-12-03T16:44:32","modified_gmt":"2015-12-03T16:44:32","slug":"not-impressed-mark-zuckerbergs-phony-generosity","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/latest-news\/not-impressed-mark-zuckerbergs-phony-generosity\/","title":{"rendered":"Do Not Be Impressed by Mark Zuckerberg’s Phony Generosity"},"content":{"rendered":"

CEO Mark Zuckerberg\u00a0promises to give 99% of his Facebook shares to charity<\/a>\u00a0\u2013 eventually.<\/p>\n

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Exact phrasing: the stock, currently worth $45 billion, will be donated “during [he and his wife’s] lives.” He’s 31 and she’s 30, so actuarial tables being what they are, by approximately the year 2065.<\/p>\n

If Facebook or the Internet or the earth still exist.<\/p>\n

Whoop de doo.<\/p>\n

I would be far more impressed if Facebook would put some money into the American economy. How? By hiring more workers \u2013 a lot more workers. Facebook’s market cap is\u00a0$300 billion<\/a>\u00a0\u2013 almost\u00a0ten times more than GM<\/a>. GM has\u00a0216,000<\/a>\u00a0employees. I’m not sure Facebook could find work for 2 million workers \u2013 but\u00a012,000<\/a>\u00a0is pathetic. They might start by hiring a few thousand 24-7\u00a0customer service reps<\/a>\u00a0so they could respond quickly when some antisocial pig\u00a0posts your nude photo<\/a>.<\/p>\n

The part of the “ain’t Zuck nice<\/a>”\u00a0philanthropist suck-uppery<\/a>\u00a0that\u00a0really\u00a0has me annoyed is the “charity” bit.<\/p>\n

Disclosure: I’m on record as being\u00a0not at all into charity<\/a>. If something is important enough to require funding \u2013 helping hurricane victims, sending doctors to war zones,\u00a0poetry<\/a>\u00a0\u2013 it ought to be paid for by society as a whole, out of our taxes. We shouldn’t allow billionaires to aggregate enough wealth to billionaires in the first place. Partly, this is because it’s unfair. No one can work hard enough to earn one billion dollars. Also because it gives too much control to individuals at the expense of the 99.99% of everyone else.<\/p>\n

Unfortunately, we await the revolution. So we still have billionaires running around pretending to be nice.<\/p>\n<\/div>\n

Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

CEO Mark Zuckerberg\u00a0promises to give 99% of his Facebook shares to charity\u00a0\u2013 eventually. Exact phrasing: the stock, currently worth $45 billion, will be donated “during [he and his wife’s] lives.” He’s 31 and she’s 30, so actuarial tables being what they are, by approximately the year 2065. If Facebook or the Internet or the earth […]<\/p>\n","protected":false},"author":1,"featured_media":205707,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[487,18],"tags":[],"class_list":{"0":"post-205706","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-breaking-news","8":"category-latest-news"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/205706","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=205706"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/205706\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media\/205707"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=205706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=205706"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=205706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}