The least generous of all working-age Americans in 2003, the latest year for which Internal Revenue Service data is available, were among the young and prosperous - the 285 taxpayers age 35 and under who made more than $10 million - and the 18,600 taxpayers making $500,000 to $1 million. The top group had on average $101 million of investment assets while the other group had on average $2.4 million of investment assets.
On average these two groups made charitable gifts equal to 0.4 percent of their assets, while people the same age who made $50,000 to $100,000 gave gifts equal to more than 2.5 percent of their investment assets, six times that of their far wealthier peers.
the percentage of the population living in poverty in America is 50% higher than in Britain, and more than twice as high as in Germany, Holland, Italy or France, according to the widely respected Luxembourg Income Study. That gap translates, of course, into a host of drearily familiar social gaps, from a shockingly higher infant mortality rate to shorter life expectancy.
Are there no prisons? Are there no workhouses?