Why We Don’t Want Billionaires Like Mark Zuckerberg Imposing Their Idea of Common Good on Us
‘Almost all multibillionaire philanthropists in the United States set up tax-exempt, grant-making, private foundations when they want to make the world a better place. Not Mark Zuckerberg and Priscilla Chan. They plan to give away their fortune gradually over the course of their lifetimes, but they’ll do so through a for-profit corporation.
There’s a simple explanation why: private foundations in the US cannot engage in political activity; they cannot campaign for or contribute to candidates for public office or lobby legislators; with limited exceptions, they cannot fund for-profit organizations. By funding their philanthropic work outside the confines of foundation law, Chan and Zuckerberg reserve the right to do all of these. According to their Facebook post: “The Chan Zuckerberg Initiative will pursue its mission by funding non-profit organizations, making private investments and participating in policy debates”.’
The post Why We Don’t Want Billionaires Like Mark Zuckerberg Imposing Their Idea of Common Good on Us appeared first on David Icke.
Leave a Reply