Recently read that the wealthiest Americans — those in the top 20% of income earners — give an average of 1.3% of their income to charity. By contrast, those in the lowest 20% of income earners give 3.2% of their income to charity.
How does that make any sense? Well it doesn’t, actually, but there are two theories attempting to explain it. And I’ll add a third minor theory.
The first theory is that the rich are just greedy and don’t want to give up their money. Paul Piff, a psychologist at UC Berkeley, told New York magazine, “…the …