Mark Zuckerberg plans to toss 44 billion dollars in the garbage

If you were wealthy and your first child was just born, what would be the first thing you would do? Give away all your money so your child would get almost nothing, right? Well, that's the decent parental instincts of Facebook's Mark Zuckerberg, who penned an open letter to his newly born daughter telling her that she would never, ever see 99% of the 45 Facebook billion dollars he had made. His daughter Max will surely appreciate his noble gesture. Instead, he plans to give it all to his charitable foundation, I mean his LLC, the Chan Zuckerberg Initiative. In case you are worried that the money will be spent on something useful, you needn't be concerned. If the Zuckerberg's past charitable expenses are any guide, it will be about as impactful as President Obama's 1 trillion dollar stimulus. For example, In 2010 Zuckerberg gave a hundred million dollars to the corrupt and inept Newark school system. The result? Watching the $200 million iceberg...(Read Full Post)