Much has been made about the rising income of the mega-rich - and yet, even the most "progressive" media acknowledge that we're in a new age of philanthropy in this century.
From HuffPost article "The New Age of Philanthropy is Here": "Over the last century and a half, it has become commonplace for the world’s wealthiest businessmen to give away large chunks of their fortunes in the sunset periods of their lives. But things have changed in the 21st century: Philanthropy is growing worldwide, and philanthropists are starting earlier than ever. Mark Zuckerberg and wife Priscilla Chan, who just pledged to give away 99 percent of their estimated $45.5 billion fortune over their lifetimes, are just 31 and 30, respectively. Both Andrew Carnegie and John D. Rockefeller, the forefathers of modern philanthropy, did most of their giving when they were much older. America’s second wealthiest man, Warren Buffett, didn’t begin seriously giving until his 70s. Buffett, along with America’s wealthiest man, Bill Gates, started the Giving Pledge in 2010, encouraging billionaires to donate more than half of their wealth to charity and even getting Zuckerberg to sign on."
From the NY Times, "The New Gilded Age in Philanthropy": "An emerging class of megarich individuals have come to play an outsize role in charitable giving that has now replaced what were once roles fulfilled by government."
The ultra-rich that the left seems to hate so very much - sure, they may buy an occasional Ferrari (hell, it's their money, why shouldn't they?), but I think it's also fair to say that they are the ones who keep an entire flotilla of charities afloat (as diverse as medical research, public hospitals, educational grants/foundations, museums, etc.) This "evil Ebenezer Scrooge" caricature of the uber-wealthy is terribly exaggerated and narrow-minded. The US has always been an aspirational society - and truth be told, has provided more "rags to riches" stories than just about any system in the world. People come here to "make it big", and traditionally, many then show their gratitude and "pay it forward" with generous philanthropic efforts. I just don't get this new "Hate the Rich" philosophy. I prefer the "Work Hard and Build your own Wealth" point of view.