Facebook should give more
as its pay helps create crisis
Re: “Facebook founder’s fund pledges $250K to back affordable housing” (Page C7, July 11):
The Chan Zuckerberg Initiative is donating $250,000 to fund a campaign geared to placing on the November ballot a measure that will authorize the sale of $4 billion in state bonds to fund various affordable housing and veterans assistance programs.
Since Facebook is one of several giant, successful high-tech California companies whose generous employee pay and benefits packages help create the unaffordable housing situation, perhaps the Initiative could contribute the entire $4 billion, since the Initiative is the beneficiary of 99 percent of the couples’ Facebook shares?
Recently Mark Zuckerberg was named the world’s third richest man with a net worth of approximately $81.6 billion. The Zuckerbergs would receive high praise from the state’s liberals for their generosity and enduring gratitude from the beneficiaries of their largess. And, over-taxed Californians would be spared repaying the bonds. It’s a win-win situation deal.