Mark Zuckerberg on Financial Instability: “I should be paying for that”

Mark Zuckerberg, founder of Facebook, said in a speech at Harvard that “Success comes from the freedom to fail, so billionaires like me should pay you to do that”

During the start of his Harvard Speech, the Facebook CEO said that success comes from failure, as that’s the only time you learn how to get better. Moreover, it is a luxury that the majority of the young generation can’t afford. This is the taught that led him to believe that those with high incomes like him should be supporting the ideas of the young generation who does not benefit from that type of funds.

“If I had to support my family growing up instead of having time to code, if I didn’t know I’d be fine if Facebook didn’t work out, I wouldn’t be standing here today,” says Zuckerberg, who never had to worry about many, as his family was financially secure due to his father’s dentist career

He also pointed out the fact that there is no shortcut to achieving success. He gave the example of J.K. Rowling, who got rejected 12 times and was highly depressive before publishing Harry Potter. Moreover, even Beyonce had to write hundreds of songs until “Halo” became a hit.

“When you don’t have the freedom to take your idea and turn it into a historic enterprise, we all lose. Right now our society is way over-indexed on rewarding success and we don’t do nearly enough to make it easy for everyone to take lots of shots.” He said

At only 33 years old, Mark Zuckerberg is a billionaire as a result of launching Facebook.

“Let’s face it: There is something wrong with our system when I can leave [Harvard] and make billions of dollars in 10 years, while millions of students can’t afford to pay off their loans, let alone start a business,” he says.

Zuckerberg and his wife, Priscilla, have started the Chan Zuckerberg Initiative, in which they use their wealth to address the issue of financial inequality.

“Finding your purpose isn’t enough. The challenge for our generation is creating a world where everyone has a sense of purpose,” he says.