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GOD vs. Greed
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Fourth, let's look at OUR role as individuals.All that could be done for the vast majority of mankind who were powerless to do much about their opporession at the hands of those more powerful than themselves was to give them hope that there was a better life awaiting them on the other side of death. |
Fifth, let's look at OUR role as citizens of America.People in power know just how powerful little people can be if and when they get organized. When you hear people talk of getting organized to fight people in power, you might immediately think of "labor unions". But there are larger, and more important, unions in the world, namely democracies themselves. In countries like America, to the extent that they really ARE democracies, the government is a "union" of the entire voting population, organized according to rules they themselves have legislated, to elect people to various offices in order to represent them in the legislation they debate and pass, the judgements they pass down and the administration of the laws passed. This system doesn't work perfectly – no system involving human beings does – , but it makes individuals far more powerful and influential than they would be otherwise. But it also makes them responsible for the policies and actions of their government. And that is why Christians who belong to powerful democracies like America have an obligation to support public officials who do a better job of "following the Manufacturer's Instructions" and to oppose those who don't. See our www.LiberalsLikeChrist.Org/Democrats for good historical examples of what we mean. |
David Ricardo may not be as well known as Adam Smith, but the writings of this conservative peer of his has had a great influence on economists ever since the early 1800's. Here is a sample of the way such economic "scientists" view "labor", i.e. not as fellow human beings, but more like germs in a petrie dish : Chapter 5: "On Wages"
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| { The following Editorial was published in the Christmas 2001 issue of the New York Times. Although George Bush has since replaced Paul O'Neill with a different Treasury Secretary, the views of the new one don't appear to differ much from those of Mr. O'Neill : } |
| December 25, 2001 By Paul Krugman
"Bah, humbug!" cried the U.S. treasury secretary. O.K., Paul O'Neill didn't actually say "Bah." But last week he contemptuously dismissed proposals for increased aid to poor nations. And his justification – that he "would like to see evidence of what works before making new commitments" – was pure humbug. |
about the Dangers Wealth Pose to our Nation : Democratic Pres. Thomas Jefferson wrote in 1816 :
Republican Pres. Abraham Lincoln added : "The world's" best point the way On the 100th anniversary of the Nobel prize, 100 Nobel laureates warned that our security hangs on environmental and social reform : Toronto Globe and Mail Friday, December 7, 2001 – Print Edition, Page A21
" The most profound danger to world peace in the coming years will stem not from the irrational acts of states or individuals but from the legitimate demands of the world's dispossessed. Of these poor and disenfranchised, the majority live a marginal existence in equatorial climates. Global warming, not of their making but originating with the wealthy few, will affect their fragile ecologies most. Their situation will be desperate and manifestly unjust. " In a time of universal deceit, telling the truth is a revolutionary act." – George Orwell "Who are the oppressors? The few: the king, the capitalist and a handful of other overseers and superintendents. Who are the oppressed? The many: the nations of the earth, the workers..." – Mark Twain "If you are neutral in situations of injustice, you have chosen the side of the oppressor." – South-African Episcopal Archbishop Desmond Tutu "The worst sin towards our fellow creatures is not to hate them, but to be indifferent to them. That is the essence of inhumanity." – George Bernard Shaw : On the other hand, "Taxes are the price we pay for a civilized society." The Republican Supreme Court Chief Justice, Oliver Wendell Holmes Jr. In his Annual Message to Congress, on December 3, 1861, Republican President Abraham Lincoln said : It is assumed that labor is available only in connexion with capital; that nobody labors unless somebody else, owning capital, somehow by the use of it, induces him to labor. This assumed, it is next considered whether it is best that capital shall hire laborers, and thus induce them to work by their own consent, or buy them, and drive them to it without their consent. Having proceeded so far, it is naturally concluded that all laborers are either hired laborers, or what we call slaves. And further it is assumed that whoever is once a hired laborer, is fixed in that condition for life. Now, there is no such relation between capital and labor as assumed, nor is there any such thing as a free man being fixed for life in the condition of a hired laborer. Both these assumptions are false, and all inferences from them are groundless. Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration. Capital has its rights, which are as worthy of protection as any other rights. Nor is it denied that there is, and probably always will be, a relation between labor and capital, producing mutual benefits. The error is in assuming that the whole labor of community exists within that relation. A few men own capital, and with that avoid labor themselves, and, with their capital, hire or buy another few to labor for them. A large majority belong to neither class – neither work for others, nor have others working for them. In most of the southern states, a majority of the whole people of all colors are neither slaves nor masters; while in the northern a large majority are neither hirers nor hired. Men with their families – wives, sons and daughters – work for themselves, on their farms, in their houses, and in their shops, taking the whole product to themselves, and asking no favors of capital on the one hand, nor of hired laborers or slaves on the other." Before being impressed by the fact that the top 5% of Americans as a group pays 50% of our nation's income taxes, people need to stop and reflect on the fact that the same top 5% are reaping 80% of the nation's income! The last thing the wealthiest country on earth needs to do is to give tax money back to those who already have more than they will ever need, instead of using that money to relieve the suffering of those who, through no fault of their own, have much less than they need ! An unknown billionaire once said, "If you think money can make you happy, you have never had much of it." Even among the rich there are some who recognize the wisdom of taxing those with great wealth in order to help those most unfairly treated in our society. Andrew Carnegie was one of the richest people of his time and yet after having given away much of his wealth himself, explained toward the end of his life that (in effect) "any man who dies wealthy is a failure". If you are not already aware of this piece, written by one of the mighty "robber barrons" , you will be amazed by Andrew Carnegie's essay, "The Gospel of Wealth". "Money is like manure. If you spread it around, it does a lot of good, but if you pile it up in one place, it stinks like hell." – Clint W. Murchison , Texas financier Bill Gates, one of the wealthiest men of all time, plans to leave his own children far less than the Republicans want them to have, namely a tiny portion of his wealth ( a few million each). And his father, Bill Gates, Sr. is one of the leaders of "Responsible Wealth", a group organizing as many rich people as possible to fight attempts by the Republican Party to lower the taxes on rich people. Please take a detour now to a site where you can review and sign a very important petition being promoted by that great organization, and then plan to come back to this site afterwards . . . Here's an article by the rich folks at Responsible Wealth: No "Self-Made" Fortunes Among Richest Americans BOSTON – September 21 - WHAT: Expert analysis of Forbes 400 richest Americans (to be released this week), illustrating how society has helped them become wealthy, spotlighting selected individuals, and discussing policies that support or undermine broad wealth creation. WHO: Responsible Wealth Founders and Directors, Chuck Collins, Scott Klinger, and Mike Lapham. They co-authored the recent report, "I Didn¹t Do It Alone: Society¹s Contribution to Individual Wealth and Success."
WHY: Year after year, the Forbes 400 includes many whose wealth is called "self-made."
But this perpetuation of the Horatio Alger myth is destructive to our society and to wealth creation itself. Whether helped by public research and government contracts, public education, wide-ranging taxpayer-financed infrastructure, or the myriad publicly supported and regulated institutions, no one can claim they did it alone. And yet, the myth persists. Op-Ed Contributor Stop Coddling the Super-Rich By WARREN E. BUFFETT Published: August 14, 2011 OUR leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched. While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks. Some of us are investment managers who earn billions from our daily labors but are allowed to classify our income as “carried interest,” thereby getting a bargain 15 percent tax rate. Others own stock index futures for 10 minutes and have 60 percent of their gain taxed at 15 percent, as if they’d been long-term investors. These and other blessings are showered upon us by legislators in Washington who feel compelled to protect us, much as if we were spotted owls or some other endangered species. It’s nice to have friends in high places. Last year my federal tax bill — the income tax I paid, as well as payroll taxes paid by me and on my behalf — was $6,938,744. That sounds like a lot of money. But what I paid was only 17.4 percent of my taxable income — and that’s actually a lower percentage than was paid by any of the other 20 people in our office. Their tax burdens ranged from 33 percent to 41 percent and averaged 36 percent. If you make money with money, as some of my super-rich friends do, your percentage may be a bit lower than mine. But if you earn money from a job, your percentage will surely exceed mine — most likely by a lot. To understand why, you need to examine the sources of government revenue. Last year about 80 percent of these revenues came from personal income taxes and payroll taxes. The mega-rich pay income taxes at a rate of 15 percent on most of their earnings but pay practically nothing in payroll taxes. It’s a different story for the middle class: typically, they fall into the 15 percent and 25 percent income tax brackets, and then are hit with heavy payroll taxes to boot. Back in the 1980s and 1990s, tax rates for the rich were far higher, and my percentage rate was in the middle of the pack. According to a theory I sometimes hear, I should have thrown a fit and refused to invest because of the elevated tax rates on capital gains and dividends. I didn’t refuse, nor did others. I have worked with investors for 60 years and I have yet to see anyone — not even when capital gains rates were 39.9 percent in 1976-77 — shy away from a sensible investment because of the tax rate on the potential gain. People invest to make money, and potential taxes have never scared them off. And to those who argue that higher rates hurt job creation, I would note that a net of nearly 40 million jobs were added between 1980 and 2000. You know what’s happened since then: lower tax rates and far lower job creation. Since 1992, the I.R.S. has compiled data from the returns of the 400 Americans reporting the largest income. In 1992, the top 400 had aggregate taxable income of $16.9 billion and paid federal taxes of 29.2 percent on that sum. In 2008, the aggregate income of the highest 400 had soared to $90.9 billion — a staggering $227.4 million on average — but the rate paid had fallen to 21.5 percent. The taxes I refer to here include only federal income tax, but you can be sure that any payroll tax for the 400 was inconsequential compared to income. In fact, 88 of the 400 in 2008 reported no wages at all, though every one of them reported capital gains. Some of my brethren may shun work but they all like to invest. (I can relate to that.) I know well many of the mega-rich and, by and large, they are very decent people. They love America and appreciate the opportunity this country has given them. Many have joined the Giving Pledge, promising to give most of their wealth to philanthropy. Most wouldn’t mind being told to pay more in taxes as well, particularly when so many of their fellow citizens are truly suffering. Twelve members of Congress will soon take on the crucial job of rearranging our country’s finances. They’ve been instructed to devise a plan that reduces the 10-year deficit by at least $1.5 trillion. It’s vital, however, that they achieve far more than that. Americans are rapidly losing faith in the ability of Congress to deal with our country’s fiscal problems. Only action that is immediate, real and very substantial will prevent that doubt from morphing into hopelessness. That feeling can create its own reality. Job one for the 12 is to pare down some future promises that even a rich America can’t fulfill. Big money must be saved here. The 12 should then turn to the issue of revenues. I would leave rates for 99.7 percent of taxpayers unchanged and continue the current 2-percentage-point reduction in the employee contribution to the payroll tax. This cut helps the poor and the middle class, who need every break they can get. But for those making more than $1 million — there were 236,883 such households in 2009 — I would raise rates immediately on taxable income in excess of $1 million, including, of course, dividends and capital gains. And for those who make $10 million or more — there were 8,274 in 2009 — I would suggest an additional increase in rate. My friends and I have been coddled long enough by a billionaire-friendly Congress. It’s time for our government to get serious about shared sacrifice. Warren E. Buffett is the chairman and chief executive of Berkshire Hathaway. About Harm to Family Farms and Small Businesses" Public Citizen's Congress Watch & United for a Fair Economy: Spending Millions to Save Billions 25 The anti-estate tax groups have been shameless in their phony claims about the damage the tax causes: These claims are dubious. The pro-repeal American Farm Bureau in 2001 could not provide the New York Times with a single example in which a family had to sell its farm to cover its estate tax liability, and that was when the exemption was a fraction of what it is today. Of the 2.5 million people who died in 2004, only 440 left a taxable estate with farm or business assets equal to at least half the total estate, according to the Tax Policy Center, a joint project of the Urban Institute and the Brookings Institution. The Congressional Budget Office, meanwhile, has found that with a $2 million exemption, which currently applies, only 123 farms per year would owe any estate taxes. The true views of small businesses owners were revealed in a June 2004 survey commissioned by the National Federation of Independent Businesses. The business owners ranked the estate tax as their 36th most pressing concern out of 75, below such matters as "telephone cost and service," "ability to cost effectively advertise" and "controlling my own time." The dearth of examples of businesses and farms harmed by the tax has prompted repeal proponents to take desperate actions to find supporting evidence for their case. In September 2005, in the wake of Hurricane Katrina, Sen. Jeff Sessions (R-Ala.) called the AFBI's Apolinsky, the co-author of Sessions' estate tax repeal legislation, seeking examples of anybody that owned a business that lost life in the storm." Sessions was looking for something to push back with in the debate over estate tax repeal. Apolinsky subsequently "reached out to [AFBI] members along the Gulf Coast to hunt for the dead, Time reported. Apolinsky's "estate-sniffing sleuths spent their time searching Internet obituaries among other places" to find examples of people who had been harmed by the estate tax. Public Citizen's Congress Watch & United for a Fair Economy: Spending Millions to Save Billions The search was evidently unsuccessful. Asked if he had found any people who were jointly victimized by the hurricane and the estate tax, Apolinsky responded 'not yet ... but I'm still looking.'
A must read soon the New York Times bestseller Confessions of an Economic Hit Man. Dean Kamen, the engineer who invented the segway (motorized scooter) has now invented small machines that can be run on cow manure and could bring clean water and electricity to the world's poor. |
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( by Johnny Cash ) "Well, you wonder why I always dress in black, Why you never see bright colors on my back, And why does my appearance seem to have a somber tone. Well, there's a reason for the things that I have on.
I wear the black for the poor and the beaten down,
I wear the black for those who never read,
Well, we're doin' mighty fine, I do suppose,
I wear it for the sick and lonely old,
And, I wear it for the thousands who have died,
Well, there's things that never will be right I know,
Ah, I'd love to wear a rainbow every day,
Not long after Cash's death, the Republican Party had the gall to claim him as one of their own at their national convention in 2004. Some of his Democratic fans didn't take kindly to that "chutzpah".
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The following is what passes for "philosophy" or "theology" in Conservative circles: "Sometimes when I reflect on all the beer I drink I feel ashamed. Then I look into the glass and think about the workers in the brewery and all of their hopes and dreams. If I didn't drink this beer, they might be out of work and their dreams would be shattered. I think, "It is better to drink this beer and let their dreams come true than be selfish and worry about my liver." – Babe Ruth ( How many illicit drugs would that apply to? ) In an LA Times editorial ( January 8 2002), Robert Scheer wrote Republican President George W. Bush willingness to give his life in order to make the rich richer. "Over my dead body" was his response to proposals to scale back the $1.35 trillion in tax cuts planned for the next 10 years." The complete article can be purchased at: "Let Down His Rich Pals? Over His Dead Body" |
of GOD vs. Greed |