Arthur C. Brooks has an
interesting bit on Obama's charitable giving, but the last line
about the Cheneys in this graph is what really caught my
eye:
The Obamas got rich in 2005. Their income
increased sevenfold from 2004 to 2005, mostly because of Mr.
Obama's book royalties, and stayed very high in 2006 for the same
reason. In 2006, another wealthy political couple with significant
book royalties was Mr. and Mrs. Cheney, who had a combined income
of $8.8 million, largely due to Mrs. Cheney's books and the
couple's investment income. Just how much did the Cheneys give to
charity from their bonanza? A measly 78 percent of their income, or
$6.9 million. (No, that is not a misprint.)
Related: I interviewed Karina Rollins last year about Americans
largely unheralded charitable influences
here.
topics:
Books