Bigger Families are Solution to Economic Crisis (from Vatican Bank president)

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Larger families will mean dealing with the unsustainable cost of a growing population of older people supported by a dwindling number of younger people, and would mean the permanent solvency of social security, a more robust economy and a higher standard of living. As it is, the problems coming from too few births will become worse. this financial leader maintains.
see www.catholicnewsagency.com/news/vatican-bank-president-bigger-families-are-solution-to-economic-crisis
No scandals at the Vatican Bank in the past? Why the heck should anyone listen to this when it is not supported with any factual data?
 
No scandals at the Vatican Bank in the past? Why the heck should anyone listen to this when it is not supported with any factual data?
Actually, most economic theories have population as a driver. There is a direct relationship between population and the generation of wealth for a country. Just empirically you can see that the more populous a country the more economically stable it is. The more dense a population, the more generally prosperous they are.
 
Actually, most economic theories have population as a driver. There is a direct relationship between population and the generation of wealth for a country. Just empirically you can see that the more populous a country the more economically stable it is. The more dense a population, the more generally prosperous they are.
Bull.
 
Even if our population is increased especially through immigration from Mexico will all these people find jobs? Will taxes go up to pay for many more indigenous people? will resources begin to be used up like water?
 
Tedeschi said that a two-income family today earns less than the same family earned 30 years ago with only one income. This, he explained, is the consequence of growing taxes on the GDP in developed countries,
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What does growing taxes on the Gross National Product have to do with less income being paid by the big businesses? Corporations are making some of their biggest profits ever. Why not raise taxes on the rich as it was before they were lowered?**
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“Mosher added that “human beings are the ultimate resource,” and one “that you absolutely cannot do without, and for which there is no substitute.”*
**
The ultimate resource maybe human being but they need clean water, space to raise a family, landfills to discharge toxic waste, trees and wild life to eat. If you do the math at three children soon their will be constant over population like that in Easter Island. What is the church’s answer to limits on resources?**
 
The ultimate resource maybe human being but they need clean water, space to raise a family, landfills to discharge toxic waste, trees and wild life to eat. If you do the math at three children soon their will be constant over population like that in Easter Island. What is the church’s answer to limits on resources?
The answer is found in our history. Just because we have bigger families does not mean that some jerk isn’t going to kill them in a war, or that some virus is not going to kill them through infection, or that tempests, earthquakes and other disasters stop winnowing the people. Also, many people will not heed the advice of the Church.
 
I think it is a stretch to refer to the head of the Vatican bank as a “financial leader.” The Vatican Bank is a relatively small institution that is (unfortunately) best known for being rocked by repeated scandals.
 
I think it is a stretch to refer to the head of the Vatican bank as a “financial leader.” The Vatican Bank is a relatively small institution that is (unfortunately) best known for being rocked by repeated scandals.
Well, the bank didn’t require a U.S. government bailout like so many did in this country. I don’t see why I should pay less attention to Tedeschi than to people who ran or run banks like Citi or B of A. Besides, with a name like “Tedeschi” he surely came from sober and responsible antecedents. 🙂
 
Tedeschi said that a two-income family today earns less than the same family earned 30 years ago with only one income. This, he explained, is the consequence of growing taxes on the GDP in developed countries,
**
What does growing taxes on the Gross National Product have to do with less income being paid by the big businesses? Corporations are making some of their biggest profits ever. Why not raise taxes on the rich as it was before they were lowered?**
The ultimate resource maybe human being but they need clean water, space to raise a family, landfills to discharge toxic waste, trees and wild life to eat. If you do the math at three children soon their will be constant over population like that in Easter Island. What is the church’s answer to limits on resources?
Business profits do not constitute all that large a portion of the GDP. Nor do the earnings of the truly “rich”.

Human beings are what makes the world habitable, and Tedeschi is absolutely right about the need for population growth at least in the First World, and in most of the Second World.

We tend to think of infrastructure and resource problems in terms of growth. What we do not normally realize is that infrastructure is at least as big a problem when its use declines.

About a year or so ago, the sewer system in a town in my state broke down entirely. The reason: The town had been losing population and there was no longer enough water flowing through the system to make it work anymore. Europe is going to have a massive population crash in about 30 years, because its birth rate is well below replacement rate. The only thing that will perhaps save the U.S. from that fate is immigration. In Japan it will be even more catastrophic than in Europe.

Mankind has seen that sort of thing before. When the population of Rome fell drastically between the 3rd century and the 9th, the infrastructure could no longer be maintained. Aqueducts fell into disrepair because there were not enough people to maintain them, and it was dangerous to go out into the countryside to do so anyway. So, the water supply became tainted and water borne diseases became rampant. The cleanliness of our own water supplies depends on the flow of water through them. If the water just sits there, it very quickly becomes full of bacteria. Ask any municipal engineer. The Roman roads became dangerous. Harbors silted up. Rome shrank to a village where life was nasty, brutish and short, and all because the population collapsed.

Following the Black Death, the same thing occurred. The countryside filled up with bandits and predatory animals. People were afraid to travel. Huge sections of Europe went back to wilderness. There were not enough peacekeepers to supress banditry.

Keep in mind that the projected population reductions in some parts of Europe will be greater than those caused by the Black Death. What will it be like when the population of cities shrinks to 3/4 or even 1/2 of their former size? Does anybody really think, electricity, gas, water and sewer will be maintained in such places? Will streets? Unless they tear them down, whole sections of cities will become havens for criminals, the insane, and wild animals. Will there really be enough police to patrol what remains? Will there be enough maintenance people to ensure utilities to the remnant population of a city like Rome? Will there be enough taxpayers to maintain infrastructure? I think the answer to that is clearly “no”.

And will the countryside fail to turn into a temperate zone jungle? Will a flat tire in the countryside at night spell your death? Probably will. The U.S. is served by thousands of miles of gas, petroleum and even liquid fertilizer pipelines as well as thousands of miles of electrical lines. With half or so of the available maintenance workers, will all that be maintained? It’s pipe dreaming to think it will, particularly if prospective maintenance workers fear mountain lion attack as soon as they get out of their trucks, and when a breakdown in the countryside would almost guarantee attack by bandits or predatory animals.

This is not some “Mad Max” imaginary movie. It’s what WILL ABSOLUTELY happen to countries with birth rates like Europe’s. It’s only a matter of time.

And as to taxation, we have to realize that back when birth rates were higher, tax rates were indeed higher, but few paid those rates. If the child tax credit was the same, adjusted for inflation, that it was when Truman was president, it would now be over $20,000per child. And now it’s a fraction of that. While taxes in real terms crept up on us, it took more and more earnings to support fewer and fewer children. And those in government in the U.S. want to tax even more. We are presently on an absolutely insane path. Tedeschi is right.

And politicians go on about “taxing the rich” and “taxing big corporations”, all the while making us think somehow we’re going to get that money. Well, we won’t. Corporations collect those taxes from us…the people who buy food and laundry detergeant and cars and television sets. We pay it. And the rich have the money to buy the politicians, so they have nothing to worry about. And there aren’t enough truly rich to put more than a drop in the bucket if we hanged them all and took everything they have. And we limit the number of children upon whom we are going to depend in our old age without ever thinking that a shrinking younger generation can’t support us and themselves both, let alone children of their own.

No, it’s the government that buys votes with our money by promising, falsely, that somehow we’re going to get something out of the big corporations and the big rich. And then it takes even more money from us. And we’re stupid enough to believe them.

Tedeschi is right. He’s one of the few people on this earth who is.
 
Well its not a bad theory. Think about it. Abortion has caused 50 million plus deaths. Those are 50 million people who are missing from the economy that would have been paying into Social Security and Taxes. They are also people who would have started businesses and created jobs. Those souls are missing from the economy.
 
Ridgerunner said:
Human beings are what makes the world habitable, and Tedeschi is absolutely right about the need for population growth at least in the First World, and in most of the Second World.

U.S. to be 3rd in world population in 2050

WASHINGTON, June 27 (UPI) – The United States is expected to remain the world’s third most populous country through 2050 behind India and China,

upi.com/Top_News/US/2011/06/27/US-to-be-3rd-in-world-population-in-2050/UPI-63861309186941/?spt=hs&or=tn

Ridgerunner said:
Business profits do not constitute all that large a portion of the GDP

Despite poor growth, corporate profits soar

theglobeandmail.com/report-on-business/despite-poor-growth-corporate-profits-soar/article2092732/

Despite slowing growth in gross domestic product as well as other sluggish economic indicators, the picture for corporate profits remains rosy as companies prepare to report their results for the second quarter of the year. Alcoa Inc., traditionally the first major U.S. company to report each quarter, will kick off the earnings parade after the market closes Monday.

I still say populations of people need jobs, money and resources in which mother earth is running out of fast.
 
Warrenton says:
Just because we have bigger families does not mean that some jerk isn’t going to kill them in a war, or that some virus is not going to kill them through infection, or that tempests, earthquakes and other disasters stop winnowing the people. Also, many people will not heed the advice of the Church.

Kill them in war-nope big wars are done just guerrilla warfare now, even in Iraq the enemy would not come out in the open.

Virus kill people- nope were getting most of those under control and life expectancy is increasing.

Earthquakes-Japen is building better and better to prevent people from dying in earth quakes.

We can not longer stop the population growth.😦
 
Well its not a bad theory. Think about it. Abortion has caused 50 million plus deaths. Those are 50 million people who are missing from the economy that would have been paying into Social Security and Taxes. They are also people who would have started businesses and created jobs. Those souls are missing from the economy.
We don’t have enough jobs for the people already in our economy.
 
Not at all. See mercatornet.com/articles/view/monaco_to_mongolia_population_density_and_prosperity/
Monaco is by far the most densely populated country, with a population of only 32,140 but a population density of 41,971 per square mile. Singapore is the distant second, followed by Malta.
What is life like in Monaco? Certainly not what the population doomsayers would predict. The tiny country has one of the highest standards of living, quality of life and personal wealth anywhere on earth. Per capita income is the 20th highest in the world, according to the World Bank. Monaco’s population density is 2.5 times that of next ranking Singapore, which is also among the most prosperous countries, and life in Malta is equally pleasant.
The least densely populated country is Mongolia, sandwiched between China and Russia, which has a density of only five persons per square mile and a total population of 2.8 million. A mountainous and cold country, it too has a vast territory, though much smaller than its two mega-neighbors, and its partly nomadic people rank among the world’s poorest in per capita income.
Of the five most populous countries – China, India, USA, Indonesia, and Russia – India, China, and Indonesia rank 18th, 53rd, and 60th in population density, respectively. India and China each have a population exceeding one billion, but they are not nearly as crowded as other places. The USA with a fertility rate that currently is at the replacement level of 2.1, ranks number 142 on the list, while Russia, the world’s largest country in land area, with an extremely low fertility rate of 1.4 and a population already in decline, ranks as low as 177.
Although Africa is often the target of the population monitors, data do not corroborate their concerns. The United Nations population counters let it be known recently that Africa’s population had just reached the one billion mark. Even so, Africa accounts for only 15 per cent of global population, compared with 60 per cent for Asia. Among the 50 least densely populated countries, 19 are African. Of the 50 most densely populated countries only two are on the African continent: Rwanda and Burundi, and four are small island nations – São Tomé and Principe (in the Gulf of Guinea) and Mauritius, the Comoros and the Seychelles (in the Indian Ocean) which are considered part of Africa.
At a conference in New York on January 22nd, a highly acclaimed demographer who formerly headed the Population Division at the United Nations asked the hypothetical question: What would happen if all the 6.8 billion people currently on earth were to move to the United States? His answer was that the U.S. population density would become the same as that of the Netherlands! Moreover, New York, the most populous city in the United States with a population of 8.5 million has a population density of 26, 403 per square mile – less than that of Monaco.
And a final word about Monaco. Land-wise, all of Monaco can fit comfortably into the 1.32 square miles of New York City’s Central Park.
So, when we hear the cry that there are “too many people” here or there, we should ask, “Too many people for what?” It is all relative to the culture and the economy of the place. Those are the things we should be working to change, if necessary, not the number of people.
 
Thank you. 🙂

That was my first thought too.
You are working on the assumption that there is a direct correlation between the population level and unemployment. There isn’t one.

If we had 50 million more people in this country, we would need more jobs and we would have more jobs. More people working in the service economy. Bigger payrolls at companies to sell more goods to more people. More construction for more housing. Populations create jobs like no other method, governmental or otherwise, could.
 
It’s always a big shame when an affiliate of the Church has to engage in propaganda to put a point across.

For several reasons, my vocation is to become an economist. And what I can tell you now is that no serious economist considers bigger families a solution to the economic crisis we currently face. That’s just utter nonsense to the point it makes me laugh.

In the long-run, possibly (perhaps 30-50 years time?). Tedeschi’s article seems more appropriate to Japan’s embarrassing scenario with deflation and a very old population than it does to the economic situation of the United States. And even Tedeschi/Mosher is engaging in statistical gymnastics - his statistics do not show that population supports economic growth. Rather, what his statistics show is that population distribution supports economic growth. There is a massive difference.

I wouldn’t take articles like this seriously. Yes, it may support your point of view, but which is better: To believe in a lie, or to believe in the Truth?
 
For several reasons, my vocation is to become an economist. And what I can tell you now is that no serious economist considers bigger families a solution to the economic crisis we currently face. That’s just utter nonsense to the point it makes me laugh.
Actually, it is not utter nonsense. If we are going to have a program like Social Security (ignoring for the moment whether or not it is a legitimate function of government), we are better off in the long run, all else equal with a higher fertility rate and a higher ratio of workers to recipients. I actually learned that from my economics professors in graduate school. Now, if we are talking about LDCs the analysis does get a bit more messy.
 
You are working on the assumption that there is a direct correlation between the population level and unemployment. There isn’t one.

If we had 50 million more people in this country, we would need more jobs and we would have more jobs. More people working in the service economy. Bigger payrolls at companies to sell more goods to more people. More construction for more housing. Populations create jobs like no other method, governmental or otherwise, could.
We need more jobs now and we don’t have them. 🤷
 
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