October 31, 2008

Patrick Poole Guest Post: Obama and Biden Refused to Spread Their Wealth

Filed under: Economy,Taxes & Government — Tom @ 10:00 am

It is an honor to post punditry provided by Patrick Poole, whose primary outpost is at Central Ohioans Against Terrorism.

Patrick makes great points about the charitable giving record (spreading the wealth, as it were) of the Democrats’ “Do as I say, not as I do” ticket, and its sharp contrast with John McCain:

Obama and Biden Refused to Spread Their Wealth
By Patrick Poole

Thinking about Barack Obama’s impromptu lecture to Joe “the Plumber” Wurzelbacher about his plans to “spread the wealth,” I wondered whether Obama was a practitioner of his own “spread the wealth” principles when he had the opportunity to do so, or whether he was the cheap political opportunist and redistributor of the wealth of others that he appeared to be.

Looking at Obama’s charitable giving in since 2000 based on his tax returns, we find that Obama consistently refused to follow his own advice to “spread the wealth” when he had the opportunity to do so. This is especially true in years when he made nearly $250,000 or more. Their contributions didn’t increase until Barack Obama’s extraordinary book deal helped make him a millionaire and Michelle Obama received nearly $200,000 raise in May 2005 when she assumed a new position with her employer as vice president of “community and external affairs” – coincidentally, just months after he husband joined the US Senate.

As the chart below shows (HT: TaxProf Blog, who has PDF links to all returns listed), from 2000-2004, Obama’s charitable giving averaged less than 1 percent:

ObamaCharGivingRecord2000to2006

In fact, during that 2000-2004 period Obama gave substantially less than the average family making more than $150,000, which averages giving of 2.2 percent of total income according to University of George Professor Russell James. And a study published in January by the Indiana University Center on Philanthropy found that nationwide in 2004 more than two-thirds of American households – the vast majority of which made significantly less than the $207,647 Obama made that year – still gave an average of over $2,000, or 3 percent of their income.

Obama’s running mate, Joe Biden, was even stingier about spreading his wealth. When his tax records were released in September, they revealed that over the past decade he had only donated an average of $369 each year. In 2007, his charitable giving was only $995, or 0.3 percent of income in a year when his tax returns reported $319,853 in income.

By comparison, John McCain gave more than one-quarter of his income in 2006 and 2007 (28.6 and 27.3 percent respectively). And according to the New York Observer, since 1998, he has donated royalties on his books totaling more than $1.8 million.

When Barack Obama and Joe Biden could voluntarily give more of their own income and had the means well beyond most Americans to do so, they refused. In the event that Barack Obama is elected President, however, he and his Democrat allies in Congress intend to force others with the full might of the US government to do what he refused to do on his own.

Vote accordingly.

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27 Comments

  1. Well, on the bright side, he could have been tithing to the Reverend Wrights church.

    Comment by Dave — October 31, 2008 @ 10:08 am

  2. Typical…

    Comment by Rose — October 31, 2008 @ 10:58 am

  3. #1, actually TUCC is on his list of 2007 charitable contribution in his return, which means that TUCC is in the above figures for 2000-2000 — or that he was tithing and not deducting all those years (no way).

    Considering how stridently Wright’s TUCC systematically has begged for money week-in and week-out in its bulletins, the irony is pretty amazing. Maybe Wright gave him a politician’s pass.

    Comment by TBlumer — October 31, 2008 @ 11:02 am

  4. [...] by unknown « Wealth Management Blog » Blog Archive » Gift Planning – rethinking … Social [...]

    Pingback by » BizzyBlog » Patrick Poole Guest Post: Obama and Biden Refused to … » Chronicle of Philanthropy — October 31, 2008 @ 11:21 am

  5. [...] BizzyBlog: Obama and Biden Refused to Spread Their Wealth By Patrick [...]

    Pingback by And Obamaessiah said, “Let us spread the wealth of thou, but not of thee” « Sharp Right Turn — October 31, 2008 @ 12:21 pm

  6. @ Dave,

    Actually, a tithe is 10%. So, by definition,at no point could “The One” have been tithing. Or he isn’t being complete in reporting of his contributions. That would raise the question of “Why not?”.

    Comment by Scott — October 31, 2008 @ 1:11 pm

  7. [...] your money around, but are not so willing to let go of their own cash. Patrick Poole, writing at BizzyBlog, notes the following interesting [...]

    Pingback by Obama Willing to Spread Your Wealth . . . But Not His Own « Decidedly Right — October 31, 2008 @ 1:47 pm

  8. [...] UPDATE: A timely post by Patrick Poole concerning how “selfish” Obama and Biden are when it comes to [...]

    Pingback by The “Selfish” Taxpayer « Conservatives For McCain — October 31, 2008 @ 3:36 pm

  9. [...] to life, liberty, and the pursuit of power happiness.  Lest we forget, Barack Obama and Joe Biden do not like to spread their own wealth around… Looking at Obama’s charitable giving in since 2000 based on his tax returns, we find that [...]

    Pingback by Obama in Sarasota: you’re selfish if you criticize my tax plan « The Iron Whirlygig — October 31, 2008 @ 3:46 pm

  10. “I remember when ‘liberal’ meant being generous with your own money.”–Will Rogers

    Comment by Bilwick — October 31, 2008 @ 4:10 pm

  11. Of course he was tithing – Why do you think they created earmarks? It’s all our money after all. . .

    Comment by STEVED — October 31, 2008 @ 5:27 pm

  12. is this article about obama didn’t practice what he preached or about obama didn’t give enough to the charity? what are the talking pts here, this article said obama did donate to charity and the amount of his donation weren’t big enough for him to talk about spreading the wealth. This article is much about of nothing, and stupid. didn’t know that charitable donation like personal income taxes, one must give more like tax base on your yearly income.

    Comment by v-huynh — October 31, 2008 @ 7:37 pm

  13. Funny how my wife and I who make about $70,000 can give more to charity than these cheap idiots.

    Comment by Rico — October 31, 2008 @ 9:14 pm

  14. They had good accounting.

    Comment by sir eaton blackock — October 31, 2008 @ 10:38 pm

  15. Having lived in NY my whole life I have socialized and worked with liberals and have always found them to be the worst tippers and the most arrogant , condescending, and intolerant bunch of people.

    Comment by Crazyjoe711 — October 31, 2008 @ 10:41 pm

  16. Remember, lefties ussually use the musketeers philosophy (one for all, and all for one), the only different is that the one will give you only a nice speech, and the all will give him their money.

    Comment by Angel — October 31, 2008 @ 11:40 pm

  17. [...] Obama! Hey Biden! Why don’t y’all spread YOUR wealth around? SELFISHNESS! [...]

    Pingback by Hey Obama! Hey Biden! Why don’t y’all spread YOUR wealth around? « The Daley Gator — November 1, 2008 @ 12:11 am

  18. Many tithe their 10% for a nice tax deduction, but then turn and spit on their neighbor. We never know what is given unrecognized.

    Comment by Paula — November 1, 2008 @ 1:00 am

  19. This article did not mention how much Mr Mcain earned his wife is wealthly so I know his income was twice the amount of Obama and Biden, also the more you make the more you give and less taxes you have to pay on that money. Also this article doesnt point out who anyone gave to except Mcain gave funds from his book, maybe I just missed in this article

    Comment by cyntha — November 1, 2008 @ 1:20 am

  20. I’m not surprised at the results. Obama and Biden and many of their counterparts are all too eager to spread the wealth around so long as it is not their own. They want to use the power of taking money for political advantage, again so long as it is not their money or if it is, that it is minimal.

    Comment by Stephen — November 1, 2008 @ 1:48 am

  21. #19, that’s hysterical.

    First, Obama has an aunt living in a Boston slum for the past 5 years, and another relative in Africa living on $1 a month (seriously). He hasn’t helped either person.

    Second, re-read the last few paras of the post. You’ll see that McCain’s charitable giving as a % of income was 27%-plus for both 2006 and 2007.

    Comment by TBlumer — November 1, 2008 @ 6:46 am

  22. [...] BizzyBlog » Patrick Poole Guest Post: Thinking about Barack Obama’s impromptu lecture to Joe “the Plumber” Wurzelbacher about his plans to “spread the wealth,” I wondered whether Obama was a practitioner of his own “spread the wealth” principles when he had the opportunity to do so, or whether he was the cheap political opportunist and redistributor of the wealth of others that he appeared to be. [...]

    Pingback by NixGuy.com | Liberals Are Only Generous With Your Money — November 1, 2008 @ 8:39 am

  23. I doubt Senator Obama’s remark was a reference to Ayn Rand’s Virtue of Selfishness. Given the manner with which he made his remark, he is clearly ignorant that rational selfishness was shown to be a virtue about half a century ago.

    His ignorance of the virtue of selfishness is not surprising. Given his altruist/collectivist premises, it’s pretty clear that he holds the ancient views of Nietzsche: the brute walking over corpses, the malevolent dog-eat-dog notion long ago utterly debunked.

    Rational selfishness names a moral code of the highest order, requiring the strictest adherence to the values of reason, purpose and self-esteem, requiring uncompromising practice of the virtues of rationality, honesty, integrity, justice and independence, among others. In short, rational selfishness is, to paraphrase Miss Rand, the recognition that “only one’s own happiness is within one’s power to achieve.” Obama condemns this as wicked. No wonder he scoffs of the idea that selfishness is a virtue.

    As astonishing is Obama’s claim that socialism is not the practice of government confiscating the money of those who’ve earned it and giving it to those who have not. Every tract on socialism/communism cites the distribution of wealth as central to its doctrine. Obama surely knows this. After all, he studied under the Communist teacher Alensky and was said to have been a star pupil. On top of his ignorance, is Obama also a liar?

    Sincerely,
    Sylvia Bokor
    Albuquerque, NM

    Comment by Sylvia Bokor — November 1, 2008 @ 3:15 pm

  24. [...] We find certain relatives that have been reported as not being cared for by Obama.  And when charitable giving is factored in we have to ask: Who is more inclinded to make selfishness a virtue?  Maybe Obama [...]

    Pingback by Obama, Higher Taxes, Selfish Virtue | Sweet Tea & Theology — November 1, 2008 @ 3:27 pm

  25. Anyone here think we will have a real revolution or what? People are talking all over America. Obama can easily pull off the scenario on the page that I linked as my website. Anyone here think he can’t? Now he even has called for a National Civilian Police force as powerful as the military to help patrol our streets. I hear the boots marching.

    Comment by DaMan Conners — November 1, 2008 @ 9:37 pm

  26. #23, although I disagree with a few of the tenets, a good read or re-read of “Atlas Shrugged” would be prudent for everyone right now.

    #25, we’ve got soldiers at our house already signed up…you may know them; Col. Smith and Col. Wesson.

    Comment by Rose — November 2, 2008 @ 10:41 am

  27. [...] By comparison, John McCain gave more than one-quarter of his income in 2006 and 2007 (28.6 and 27.3 percent respectively). And according to the New York Observer, since 1998, he has donated royalties on his books totaling more than $1.8 million http://www.bizzyblog.com/2008/10/31/patrick-poole-guest-post-obama-and-biden-refused-to-spread-their... [...]

    Pingback by Wealth for me but not for Thee « The Foxhole — November 3, 2008 @ 8:58 am

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