Saturday, August 18, 2012

Who Are The Evil Rich, And Why Do They Hate The Poor?


Liberals and traditional Democrats—traditional Democrats are not necessarily liberals-- are fond of saying that Republicans are for the rich and Democrats are for the poor.  This argument is difficult to sustain however when you analyze specific data. Who are the richest among us and what is their party affiliation? Of top twenty richest Americans are all Democrats: Bill Gates, Warren Buffett and Larry Ellison. Of the top 100, as reported by Forbes, 60% are Democrats, but if you take into consideration  that individual people from the same families, like Walton and Koch, are included twice in the numbers.

Analyzing the data takes us even further. Not only are there more Democrats in the Top 20 list, but those Democrats are a lot more stingy with their money when it comes to campaign contributions. Republicans coughed up $5.2 million while Democrats squirted out only $2.1 Million. These statistics would indicate that the more you have, the less you give. We can assume that these folks of the infamous “1%” contribute to the Democrat party.  The funny thing is that these rich Democrats have only contributed $6 to their party for every $10 contributed by their Republican counterparts.
  
And who is more likely to donate to charity, conservatives or liberals? Author, Arthur Clark has studied the subject and reports that conservatives and religious conservatives in particular, will donate three and half times more than liberals.  So, who are the stingiest among us? It appears that it may not have as much to do with how much you have or make as it does with your political philosophy.  Those who want government to take from one group to give to another tend to not dig as deep in their own pockets to help. This is lamentable, since the net worth of the Democrats of the top 20 richest Americans is reported to be a combined $144 billion compared to the $143 billion of the Republicans in that list.  I’m not saying the liberals are the evil rich, but they are more stingy with their own money.  So, the data would suggest. Do they hate the poor? No, they just do not seem to care as much about them as the conservatives do, if you judge by data.  

No comments: