We have a tax system right now that creates a lot of perverse incentives. It incentivizes jobs moving overseas, incentivizes a lack of investment here at home, these inversions that are happening. And I do believe that when it comes to paying fair taxes, there’s a lot of folks who are paying large percentages of their incoming taxes, but that’s not reflected in other asset brackets.
You might have heard that this week Mark Zuckerberg and Priscilla Chan announced that they’re going to give away 99% of their Facebook stock in hopes of making the world a much better place for their newborn daughter and her generation. Now, I just want to be right up front with you. I have no inside information about this fascinating development. But what I do have is inside information, the inside story, on a gift that this couple made five years ago in their first act as philanthropists.