"As the recession lifted, poor and middle class Americans dug deeper into their wallets to give to charity, even though they were earning less. At the same time, according to a new Chronicle analysis of tax data, wealthy Americans earned more, but the portion of the income they gave to charity declined. . .Residents of Utah remain by far the nation’s most generous... Memphis, Birmingham, Ala., Atlanta, and Nashville are the most generous cities, and . . . The 17 most generous states, as measured by share of income donated to charity, voted for Republican presidential nominee Mitt Romney in the 2012 election." (Chronicle of Philanthropy)
President Obama complains about the income gap and the fat cats. Does his staff understand "optics?" (perception not physics) Last night he had a fund raiser in Connecticut, talked about wealth inequality at a lavish mansion in a gated estate, the home of Richie Richman. The economy is stagnant, the rich are getting richer, and he whines at the home of a rich man named Richman (real estate developer who's made his wealth in "affordable housing"). Federal tax credits and subsidies for “affordable housing” are very complex, but the recession of 2008-09 really had Richman’s business booming since other investors had to back off.