"If billionaires are free to choose how they contribute to society, why shouldn't I?
Related: Ontario launches guaranteed income program for 4,000 residents.
It's a two-year program that could be expanded nationwide depending on the results.Its an expensive birth announcement for Facebooks Mark Zuckerberg rosamond gifford zoo photo contest and his wife, Priscilla Chan.See How Tech CEOs Spend Their Money.In the Facebook post Tuesday first announcing his plans, Zuckerberg said the Initiative will focus on "promoting equality an objective that Gabriel Zucman, an economics professor at the University of California, Berkeley, found commendable - and ironic."He wanted to have more flexibility to invest in profit-making operations Willens said.
But we want to do what we can, working alongside many others.
The news comes as the couple also announced the birth of their first child, a daughter named Max.
Ed OudenaardenAFP/Getty Images, steve Ballmer, in 2014, former Microsoft CEO Steve Balmer spent 2 billion to become the owner of the NBA's Los Angeles Clippers.Olliander ollieblog december sears employee discount discontinued 3, 2015 "And b/c Zuckerberg's thing is an LLC, he can give to political organizations, SuperPACs, all that stuff, w/money that was never taxed tweeted ProPublica reporter Jesse Eisinger.In 2010, Zuckerberg made a splash by announcing on "Oprah" that he was donating 100 million to turn around the failing public school system of Newark, New Jersey.But we want to do what we can, working alongside many others.".In fact, he noted that had they donated shares to a more traditional nonprofit foundation, they would have received "an immediate tax benefit.".Experts argue that a UBI program and the costs associated with it could put other US safety net programs - social security, Medicaid, Medicare, Pell grants for low-income college students - at risk.And b/c Zuckerberg's thing is an LLC, he can give to political organizations, SuperPACs, all that stuff, w/ money that was never taxed.