@jeffowski Good post, not related to billionairs, but otherwise a good post I wish more people understood.

@freemo — the existence and allowance of billionaires fall hand in hand with homelessness and hunger.

@jeffowski Incorrect, though it is a common perspective and I understand that you believe thqt to be the case.

That isnt to say that billionairs do no wrong, they do, right along with people at any income level.

@freemo — it is a much greater moral failing of a billionaire not using that power to feed and house people than a worker going paycheck to paycheck not volunteering.

Voltaire: "Everyone is guilty of all the good they did not do."


On average richer people donate a much larger percentage of their ownings to help the poor that middle-class well off people, but a pretty big margin.

So yes, and they **do** donate more, statistically speaking. The problem is not wholly theirs to bear however.

@freemo @jeffowski

It looks kind of flat to me (see graph 11 in philanthropyroundtable.org/alm ), perhaps the numbers would be different if the data were more granular at higher income levels but 2-3% seems to be the number above ~ 50k/yr in the us.


sadly I dont have anything more recent on hand, but attached is the actual data normalized properly for AGI and only looking at individuals, not corporations. AS you can see super wealthy contribute more than double, in terms of % of income, than the well-to-do middle class.



@freemo @jeffowski

Thanks, good to know. The graph I had didn’t go that high.

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@Gbudd @freemo @jeffowski As it should be! They’re sitting on BILLIONS of dollars! They should be giving away 90% of it, not 10%! Smh

@Gbudd @freemo @jeffowski Exactly this. The lucky middle class (me) mostly have no idea what it’s like to be properly poor. The stress that comes with that - with not knowing when the next crisis is coming that could make you homeless again? I can’t imagine it. Universal basic income now, no billionaires now.

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