After reading this news, I have less respect for President Obama.
Obama gives $10,000 over 4 years based on $1.2M? Seriously?? Well, it's better than what I believe Biden gave, which was about $5,000. I hate to say it, but a liberal heart sure isn't a giving heart, which has been statistically true anyway. Maybe before all this talk about income distribution and earning caps on other people, Obama should learn to give more than 1% to the hungry and needy.
His rhetoric is simply assine when you can't live by your words. What's all this talk about fairness and bridging the gap between rich and poor when he can even live out his life through his personal finances. For all his talk, I would have expected 20%-50% of this income donated to charities and nonprofits. The point that is left out of this discussion is that many people don't want to give more to inefficient government programs (i.e. D.C. public schools had the highest per capita spend but the bottom 10% in the quality of education and the countless national pork projects), but would opt into giving to the charities and nonprofits of their choice. Instead of increasing the tax rates on the "rich" why not require that increase to be donated to nonprofits targeting specific societal needs?