Monday, March 15, 2010

Charity begins at home, at least in the conservative home

A conservative sees a poor homeless man and feels sympathy.  The conservative offers him a job, so he can earn money to get clean clothes and a place to live.  A liberal sees the same homeless man and feels compassion.  He turns to the conservative and says, "give him some of your money."  I read that years ago and I think it was attributed to Winston Churchill.  Of course, just about every humorous quote is attributed to either Churchill or Mark Twain.  

With all President Obama's plans to redistribute wealth and fundamentally change America,  I thought I would do a little research on charitable contributions of the wealthy and conservatives compared to liberals.  The president and the media would have us believe that the rich must be taxed to force them to contribute to society.  The only way the poor can survive is if the government takes money from the more fortunate (funny how that's an accepted description of the wealthy, as if it were all luck, education and hard work had nothing to do with their success).  

One of the neat things about people that run for or hold public office, their income tax filings are available to the public.  So, for a little history on charitable contributions.  The grandfather of all liberals, Franklin D. Roosevelt gave on average less than 2% of his annual income to charitable organizations.  Ronald Reagan, the conservative icon, who, by the way, did not come from a wealthy family like the Roosevelt dynasty, gave an average of 6% of his income to charity.  The Liberal Lion, Ted Kennedy gave less than 1.5% of income to charity in the years that he released his income tax statements.  I'm pretty sure he came from a fairly well-off family.  

For a little more recent history, President George W. Bush averaged just over Obama's threshold for the wealthy $250,000 per year in the years he was Texas governor and United States President.  In those years, he gave an average of 10% of his annual income to charity.  His vice-president, Beelzebub, I mean Dick Cheney, was inconsistent in his charitable contributions.  In one year reported, he gave 0.1%, but the following year gave over 77% (no decimal in there, 77%!!), for an average of 19% in the years reported.

The current holder of the vice president's office, Joe Biden, was very consistent.  Stingy, but consistently stingy.  In the past 10 years, he has given a low of 0.1% and a high of 0.3% of his income to charity.  And yes, those are decimals in there.  He has given an average of $369 a year to charity in that timeframe.  His boss, President Obama is, by comparison a regular philanthropist.  In 2000, when he ran for senate, he reported contributions of $2350, or 1% of his income.  Now, in total contradiction to his belief that the wealthy don't give more, last year when revenue from his two books produced an income of $4.2 million, he and Michelle gave $240,000, or 5.7%.  


National statistics from 2004 were the most recent I could find.  That year, 2/3 of Americans reported charitable contributions.  They gave an average of $2047 or 3% of their taxable income.  Citizens that made between $200,000 and $500,000 gave an average of almost $41,000 to charity, or just under 9.5%.  


The best way to redistribute wealth is to let those who earn the wealth decide how to distribute it.  That redistribution comes through jobs created and obviously through charitable contributions.  Let's keep the government out of the process!

Oh, I could mention that Jesse Jackson and Al Gore each averaged under 1% in the years they made their income taxes public.  But that would be going overboard in making the point.

I remember an old Saturday Night Live with Chevy Chase playing President Ford.  They did a skit with the debate between Ford and Carter during the election campaign.  Carter goes through a 2 minute dialogue about tax rates, oil company profits, and the effect of the cost of oil on the American economy.  When it is Ford's chance to respond, he has that blank stunned look that Chevy Chase did so well and says "um, they, uh, they promised me there would be no math."  I promise, no more math in my posts.
 

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