Monday, September 05, 2005

The World and the Bible -two faces of giving

Today, our minute-late and a dollar-short President praised the Walton family for giving $8,000,000 to the Katrina relief effort. That is a lot of money and will certainly buy a lot of things that are needed, but President Bush highlighted what "marvelous philanthropists that they are."

Over at, they took a look at the numbers and it appears that the Waltons aren't that marvelous of philanthropists. According to
The Walton family’s net worth is $90 billion. So $8 million dollars represents .009 percent of their total.

The average family’s net worth is $86,100. If an average family contributed at the same rate as the Waltons, they’d donate $7.74.

Again goes to show how the Bible is so counter-cultural.