Dear Mr. Zuckerberg,
I commend you for your success in helping start Facebook, and making it the 600-pound gorilla of social media, used by millions of people all over the world. This has made you a multi-millionaire (billionaire?), who can afford just about anything you want.
Last week, I was reading the Wall Street Journal about your upcoming sale of millions of shares of Facebook stock, expected to generate a taxable gain for you of approximately $2.3 Billion! In the next sentence, however, the Journal pointed out that, between Federal and State taxes, Government will confiscate 53.8% of that gain!
Mr. Zuckerberg, doesn’t it bother you at all that Government takes over HALF of your earnings from the business you started and helped nurture to its behemoth status? Do you even know about this? Do you think that it’s a good thing for you to have to sacrifice that much money that you acquired honestly? Now, I know that what you have left is more money than most US citizens can even imagine having, but it might be worth your while to object to that much evaporating before you even see it.
It makes me very angry that our government thinks that IT can claim that much of anyone’s earnings. But I guess that you Liberals just love big government, and have no problem with them confiscating your money. Maybe you think that the money the government takes from you is used to improve the lot of people less fortunate than you are. Let me disabuse you of that notion. Most of YOUR money goes into the pockets of government bureaucrats, who administer various programs that suck up your earnings, while having little practical effect on society except to do things like dictate what kind of light bulbs you are allowed to buy.
Happy New Year, Mark.