Skip to comments.Jobsís Philanthropic Record Is The Subject Of Debate
Posted on 10/07/2011 11:02:08 AM PDT by Lmo56
For one of the nations most famous billionaires, Steve Jobs kept a low profile as a charitable donor.
Unlike fellow tech leaders Bill Gates of Microsoft and Mark Zuckerberg of Facebook, he did not sign the Giving Pledge, the effort under which the nations richest individuals commit to giving at least half of their wealth to philanthropy.
His name is absent from the list of gifts of $1 million or more maintained by Indiana Universitys Center on Philanthropy.
And it wasnt until after an unflattering media report aboutJobs on the subject over the summer that Apple in September initiated a matching gifts program, under which donations to philanthropies made by employees are matched by the company.
Now what will happen to Jobss fortune Forbes has estimated his net worth at $8.3 billion is a matter of speculation that is provoking discussion about Jobs and the societal obligations of the very rich.
(Excerpt) Read more at washingtonpost.com ...
Jobs had EVERY RIGHT to do what he wanted with his fortune - what is this "societal obligations" CRAP ???
Whoriskey should just drop the "iskey" from his name and THEN add an "e" ...
let’s consider all the taxes paid during his business lifetime as enough.
1 Take heed that ye do not your alms before men, to be seen of them: otherwise ye have no reward of your Father which is in heaven.
2 Therefore when thou doest thine alms, do not sound a trumpet before thee, as the hypocrites do in the synagogues and in the streets, that they may have glory of men. Verily I say unto you, They have their reward.
3 But when thou doest alms, let not thy left hand know what thy right hand doeth:
4 That thine alms may be in secret: and thy Father which seeth in secret himself shall reward thee openly.
5 And when thou prayest, thou shalt not be as the hypocrites are: for they love to pray standing in the synagogues and in the corners of the streets, that they may be seen of men. Verily I say unto you, They have their reward.
6 But thou, when thou prayest, enter into thy closet, and when thou hast shut thy door, pray to thy Father which is in secret; and thy Father which seeth in secret shall reward thee openly.
7 But when ye pray, use not vain repetitions, as the heathen do: for they think that they shall be heard for their much speaking.
8 Be not ye therefore like unto them: for your Father knoweth what things ye have need of, before ye ask him.
More fomenting of class warfare.
Whoriskey is a tool.
This article reminds me of "A Christmas Carol", when [after Scrooge dies in the future] the people try to rip-off his bedroom furnishings and coins over his eyes ...
So Jobs didn’t give to charity. That proves he’s a dem.
How many jobs were created because of his work in a garage??? Millions...probably billions....
Difference between “contributing” and “giving back,” is not just semantics.
Personally, I don’t care what “rich” people do with their money. It’s theirs.
I had know idea that Indian University was maintaining the Book of Life. They must have a sub-contract from God.
I don't know what Steve Jobs gave away. Frankly, it is none of my business.
AND, [if they shame his family into giving his fortune away] - WHAT is "Rich" ... $200,000 ???
Hopefully, more than the widow at the temple.
“His name is absent from the list of gifts of $1 million or more maintained by Indiana Universitys Center on Philanthropy.”
I wonder how many of those gifts of $1 million or more were anonymous.
Perhaps he made his donations anonomously?
After Jobs gave Odumbo the Apple G5 prototype 2 weeks ago, I was pissed.
In hindsight, I believe what most here are saying: it’s your money, do whatever you want with it because you earned it. Jobs created his industry. If I had Jobs money, I would not give it to charity because most charities are crooks. I would prefer to build a conservative school like Hillsdale that would produce entrepreneurs who build companies, that empowers others to do the same.
More WAPO msm garbage..
Perhaps one of Jobs’ heirs will buy the Washington Post and fire all the communists.
Imagine how much worse Microsoft and Windows would be if they hadn’t had Apple nipping at their heels. I call that a great service to society.
How much did Teddy Kennedy leave to charity [ I don't know]. BUT, I heard that when Rose died - she wanted to leave the Hyannis Port Compound to a group of Nuns [she was VERY religious] - BUT that Teddy had the will falsified so that the FAMILY would keep the real estate ...
Steve Jobs was one of the inventors of the personal computer by the time he was in his mid 30s. That had an unmeasurable impact on increasing the wealth of the world and reducing human misery. Thus, Jobs more than fulfilled his "societal obligation" by the age of 35. Giving his money to some Socialist Front under some self-congradulatory "Giving Pledge" would probably harm society.
Jobs built a company with a market cap in excess of $350 billion. A company’s stock price essentially represents the net present value of future earnings, so this implies that after discounting future earnings so that they are equivalent to today’s values, the aggregate total of future earnings projected for Apple is >$350B. To earn that much money, a company has to provide at least that much value, else customers wouldn’t be willing to pay the prices that generate such earnings.
This valuation greatly understates the true value of Apple to the world since in any competitive market, there is a consumer surplus above and beyond the market price reflecting the reality that for some consumers, an iPhone might be worth %1,000, but because of the magic of the market, such individuals can get one for many hundreds of dollars less than that.
The point being that even if Jobs instructed his heirs to literally burn all his remaining wealth, the value that he provided to humanity in his lifetime already dwarfs the charitable giving of even Bill Gates.
Perhaps he did. Perhaps he didn't. I really don't care. It's none of my business.
But if I saw a story about how Steve Jobs gave billions of dollars to one deserving charity or another, I tell you truly it would make me think less of him.
I don't care what Zuckerburg or Gates give away. They can do whatever they want with their money. But the fact that they make a big show out of what they do disgusts me.
Well...MAYBE Jobs figured out what a few of US have figured out....one billionaire giving to another billionaire (or group) ala Gates and Buffet....is NOT charity...it’s tax avoidance...
Lots of Microsoft stuff [desktop, icons, mouse clicks, etc.] was RIPPED-OFF from Apple innovations. Check out the "Pirates Of Silicon Valley"  movie ...
One of the most appalling things about our tax code is that just about every American taxpayer dutifully totes up all of their charitable giving each year so he can report that number to the government. One big reason I would support Herman Cain’s 9/9/9 Plan is that it would eliminate the charitable deduction, so this information would no longer be any of the government’s business.
And Apple ripped them off first. So what?
My mouth was hanging wide open by the time I got to the end of the excerpt. I am glad you said what I was thinking.
“societal obligations” ....taxes.
Google the phrase...it is fictitious. It didn’t come up on the first page of my search engine.
Please....My side hurts from laughing!!
Jobs’ contribution to society is inestimable. Making it possible for people to maximize their own talents is the most noble way to be charitable. Whether or not he gave “fish” seems irrelevant when he obviously gave so very many “fishing rods”.
“Now what will happen to Jobss fortune Forbes has estimated his net worth at $8.3 billion is a matter of speculation that is provoking discussion about Jobs and the societal obligations of the very rich.”
Uh... perhaps he thought that his FAMILY came before strangers.
And how much of his salary has Whoriskey given to charitable causes this year...?
SAY WHAT??? I have just two words for those people: eff them!
“Perhaps he made his donations anonomously?
How much did Teddy Kennedy leave to charity [ I don’t know]. BUT, I heard that when Rose died - she wanted to leave the Hyannis Port Compound to a group of Nuns [she was VERY religious] - BUT that Teddy had the will falsified so that the FAMILY would keep the real estate ...”
It was probably the convent that takes care of the daughter who had a lobotomy. Joe Kennedy had it performed because she wasn’t as smart as the other siblings and he thought she was becoming a discipline problem. The one thing Rose said she could not forgive him for.
“Whether or not he gave fish seems irrelevant when he obviously gave so very many fishing rods.”
Excellent point. In that regard, the market capitalization of Apple is a greatly understated measure of Jobs’ value to society. We’d have to add to it at least part of the downstream value created by those who used Apple tools to make the world a better place. There arguably are few individuals in the history of the planet who have contributed more to improving social welfare than Steve Jobs: how many can say they added hundreds of billions of dollars to the happiness of mankind?