Monday, December 14, 2015

The Giving Zee

AITOOW sees through the BS that Zuckerberg is pulling with his charitable giving announcement? He's giving in stock. In pieces. So not to drive the price down (may increase it if people think it will dilute the float) and get max charitable deductions. And who wants to bet that he and his wife are the trustees of the trust (still in control - just a change in title). They can also now pay people with trust assets. A common scam to spread money around. This stunt has been pulled by the rich trying to create dynasty trusts for at least two centuries (in this country at least). Nothing new. Nothing particularly philanthropic about this. He just doesn't trust his kids with it. You would think at least one journalist would have a law degree or remember how this scam works after others have been unmasked.

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