Pope Francis denounces ‘trickle-down’ economic theories in critique of inequality

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Okay, so those 16 million children going hungry each day in America, their problem isn’t a lack of food, it’s a lack of pull themselves up by their bootstraps. Got it. :rolleyes:
In a lot of cases, yes it is.

It’s always amusing how left-wing political ideologues in the West cannot fathom the same institutional corruption they exaggerate about in the private sector could possibly occur in their sacred government. :rolleyes:
 
They aren’t hoarding it. A lot of that is EARNED INCOME built-in investment that creates JOBS for people.
So with corporations posting record earnings and profits; where are all of these jobs you speak of, why hasn’t any link ever been shown between coddling the rich and job creation, and why hasn’t there been any movement of wealth except even greater consolidation of it in the top 50%? The economic golden age under Clinton proved that you can tax the rich at higher rates and still create an astounding number of new jobs with greater wealth distribution to boot. That has never been shown to be the case with tax cuts for the rich and corporate welfare.
Because the free market capitalism has lead to the greatest, most prosperous society in the history of this planet.
That is a tough sell when describing a society which defines prosperity largely by how much debt a person can incur before drowning in red ink rather than how much money they earn.
 
rushlimbaugh.com/daily/2013/11/27/it_s_sad_how_wrong_pope_francis_is_unless_it_s_a_deliberate_mistranslation_by_leftists

Interesting take on today’s Rush Limbaugh program.

Confused by the headlines non-Catholic Limbaugh makes spirited defense of “Capitalism”.
Wonders if the Pope has been mistranslated.

So even Rush at this point has been co-opted into debating the economics of capitalism.
Which is NOT the essence of the Pope’s document.

In fact, the critical WORD of the 50,000 “trickle-down” seems to me to be rather out of place. Read the below without it … and it makes as much sense. Maybe more so - in that would it just be the “trickle down theories” of capitalism that are being warned against - and the rest of Capitalistic theory then fine?
In this context, some people continue to defend trickle-down* theories which assume that economic growth, encouraged by a free market, will inevitably succeed in bringing about greater justice and inclusiveness in the world.
This opinion, which has never been confirmed by the facts, expresses a crude and naïve trust in the goodness of those wielding economic power and in the sacralized workings of the prevailing economic system. Meanwhile, the excluded are still waiting.
To sustain a lifestyle which excludes others, or to sustain enthusiasm for that selfish ideal, a globalization of indifference has developed. Almost without being aware of it, we end up being incapable of feeling compassion at the outcry of the poor, weeping for other people’s pain, and feeling a need to help them, as though all this were someone else’s responsibility and not our own.
The culture of prosperity deadens us; we are thrilled if the market offers us something new to purchase; and in the meantime all those lives stunted for lack of opportunity seem a mere spectacle; they fail to move us.
– from EVANGELII GAUDIUM
That highlighted in Blue above I took to be a personal counsel to Catholics to be unselfish and not spoiled by our personal prosperity to such an extent that we neglect to help those who need us.

Meanwhile this story took up a great deal of the Rush Limbaugh Show today (I didn’t hear it, but the show puts outs transcripts). After initial incredulity about the Pope’s surprising economic statement, Limbaugh revealed:
**RUSH: **I am receiving e-mails from people who are telling me that the pope, his economic writing, has been mistranslated. Now, my first reaction was, “Come on, this document is too big and massive for it to be mistranslated.” But then I caught myself, and this is exactly what the left does. If they had a chance to take somebody as influential and revered and beloved as the pope and put their words in his mouth, they would do it in a minute.
So now I’m gonna have to track this down, because I have to tell you, what has been attributed to the pope here doesn’t make sense, with 50 years of the Catholic Church.
It doesn’t jibe. But it sounds exactly like what your average, run-of-the-mill leftist would say each and every day: unfettered capitalism, trickle-down doesn’t work. I don’t know this pope, but I don’t know that the bishop of Rome speaks in terms of trickle-down. One of the things they’re saying is that the pope didn’t say “trickle-down,” that the correct translation would be “spillover.” He didn’t say “trickle-down.”
So there are people that are telling me, “Hey, Rush, the pope was mistranslated,” and my first reaction, “Come on, now.” But then I had to catch myself. They are – by “they,” I mean the worldwide left – they are entirely capable of this, and they wouldn’t hesitate to do it, if they thought they could get away with it. Hell, they wouldn’t hesitate to do it even if they do get caught doing it because they know that the original phony translation they put out will be the one that survives. The truth takes a long time to catch up when the lie gets out of the gates first.
So I can’t sit here and summarily reject the claim that the pope has been mistranslated. I know it sounds inconceivable. (interruption) The pope? He said something about homosexuals and later they said he was mistranslated? His original statement, he appeared to condone homosexuality, and then somebody said he was mistranslated. Well, there seems to be a pattern here, then, of the pope being mistranslated.
You know how we would know, is if the pope came out in favor of contraception and abortion, then we would know that there’s mistranslation going on.
  • this and other emphases on the page are mine.
 
*Someone in the crowd said to him, “Teacher, tell my brother to divide the inheritance with me.” Jesus replied, “Man, who appointed me a judge or an arbiter between you?” Then he said to them, **“Watch out! Be on your guard against all kinds of greed; life does not consist in an abundance of possessions.” ***And he told them this parable: “The ground of a certain rich man yielded an abundant harvest. He thought to himself, ‘What shall I do? I have no place to store my crops.’ “Then he said, ‘This is what I’ll do. I will tear down my barns and build bigger ones, and there I will store my surplus grain. And I’ll say to myself, “You have plenty of grain laid up for many years. Take life easy; eat, drink and be merry.”’ “But God said to him, ‘You fool! This very night your life will be demanded from you. Then who will get what you have prepared for yourself?’ “This is how it will be with whoever stores up things for themselves but is not rich toward God.” Luke 12:13-21

The Holy Father’s message is simply to think of others and put their good ahead of our own. That’s not so hard to do, but we seem to find ways to complicate it anyway. 😊
I agree totally. Especially about that last part. To suggest that taxing the small percentage of very wealthy will impoverish them, does not pass the smell test to me…No, one billionaire cannot do it alone, but together, their loose change could mean real change in the lives of the less fortunate.

Nowhere in the Bible do I find great discourses on whether government should help the poor versus charities or personal giving…if it was that important, surely, of all the hundreds of biblical exhortations to help the poor - somebody would have devoted a few words to these issues? :confused:
 
I agree totally. Especially about that last part. To suggest that taxing the small percentage of very wealthy will impoverish them, does not pass the smell test to me…No, one billionaire cannot do it alone, but together, their loose change could mean real change in the lives of the less fortunate.

Nowhere in the Bible do I find great discourses on whether government should help the poor versus charities or personal giving…if it was that important, surely, of all the hundreds of biblical exhortations to help the poor - somebody would have devoted a few words to these issues? :confused:
How about everybody chip in instead of nearly half the populace paying nothing?
 
How about everybody chip in instead of nearly half the populace paying nothing?
Sure, when the top 50% releases its stranglehold on 98% of taxable wealth, provides jobs, and living wages. Have to have something taxable to be taxed. 😉
 
rushlimbaugh.com/daily/2013/11/27/it_s_sad_how_wrong_pope_francis_is_unless_it_s_a_deliberate_mistranslation_by_leftists

Interesting take on today’s Rush Limbaugh program.

Confused by the headlines non-Catholic Limbaugh makes spirited defense of “Capitalism”.
Wonders if the Pope has been mistranslated.

So even Rush at this point has been co-opted into debating the economics of capitalism.
Which is NOT the essence of the Pope’s document.

In fact, the critical WORD of the 50,000 “trickle-down” seems to me to be rather out of place. Read the below without it … and it makes as much sense. Maybe more so - in that would it just be the “trickle down theories” of capitalism that are being warned against - and the rest of Capitalistic theory then fine?

That highlighted in Blue above I took to be a personal counsel to Catholics to be unselfish and not spoiled by our personal prosperity to such an extent that we neglect to help those who need us.

Meanwhile this story took up a great deal of the Rush Limbaugh Show today (I didn’t hear it, but the show puts outs transcripts). After initial incredulity about the Pope’s surprising economic statement, Limbaugh revealed:
  • this and other emphases on the page are mine.
So what if the Pope did say “trickle-down”? Politics and ideology are dispensable - faith, on the other hand is not.

I would still stand with the Pope, because I am yet to see “trickle-down” economics work to substantially change poverty levels anywhere. Human beings, perhaps by virtue of being human, will not voluntarily give up significant amounts of their possessions to other human beings unless they predict some personal gain from doing so, OR they actually strive to live a faith that demands that sort of giving.
 
So with corporations posting record earnings and profits; where are all of these jobs you speak of, why hasn’t any link ever been shown between coddling the rich and job creation, and why hasn’t there been any movement of wealth except even greater consolidation of it in the top 50%? The economic golden age under Clinton proved that you can tax the rich at higher rates and still create an astounding number of new jobs with greater wealth distribution to boot. That has never been shown to be the case with tax cuts for the rich and corporate welfare.

.
JFK believed tax cuts could serve economic prosperity, and proved it.

I don’t think most conservatives believe in “coddling the rich”. That’s just a liberal talking point, and nothing more. To most conservatives (and I consider myself one in comparison to the current administration, but then, few aren’t) the rich are irrelevant, just plain irrelevant. I, for one, could not care less whether some guy is rich or not. What I do care about is my own prosperity, that of my family and my neighbors. And it doesn’t have to be at a super-high level, either.

I take it you don’t know many small business people. Most people are employed by small businesses. Small business people are afraid to invest and hire because of the economic uncertainties presented by a radical administration. Employment is the key to widespread prosperity, not “taxing the rich”. And workforce participation keeps sinking.

And yes, big corporations are doing quite well at present in terms of profit. That has a tendency to happen when they cut back on workers and are gifted with abnormally low interest rates. Wall Street is doing just fine, at least for now. Main Street isn’t. But then, Wall Street has supported the current administration handsomely. Main Street can’t.
 
How about everybody chip in instead of nearly half the populace paying nothing?
So how would you reform the tax system? Base it on consumption? Eliminate deductions? Reduce the standard deduction and eliminate exemptions?
 
Sure, when the top 50% releases its stranglehold on 98% of taxable wealth, provides jobs, and living wages. Have to have something taxable to be taxed. 😉
It appears many are all for Social Justice-as long as somebody else pays for it.
 
Sure, when the top 50% releases its stranglehold on 98% of taxable wealth, provides jobs, and living wages. Have to have something taxable to be taxed. 😉
Just how do those of us in the top 50% have a stranglehold on the wealth?
 
It appears many are all for Social Justice-as long as somebody else pays for it.
A wise old man once counseled me that much is expected from the one who is given much. Why is it such a wonder that the person who has more should be expected to contribute more?
 
So how would you reform the tax system? Base it on consumption? Eliminate deductions? Reduce the standard deduction and eliminate exemptions?
I don’t have any suggestions.Just pointing out that the idea the rich don’t pay their fair share is rather specious considering 47% pay nothing at all
 
It is really clear from this thread that a lot of mass attending Catholics in the western world are very detached to what the Holy Father is saying and doing. Pope Francis spends most of his time with the unfortunate and advocating for them, while it seems that many on this forum prefer to spend all the time arguing against the Pope’s views, complaining about everything, and defending themselves. In short, exactly what the Pope was targeting in his extortion.

To actually hear somebody say something like “I wish the Pope would stick to spiritual matters and forget all this stuff” is a frightening amount of arrogance.

Some of The Church’s faithful in the west are so absorbed into Americanized ways of doing things, and general wordiness, that they are almost doing more harm than good.
 
I don’t have any suggestions.Just pointing out that the idea the rich don’t pay their fair share is rather specious considering 47% pay nothing at all
Maybe 47% don’t make enough to live, pay mortgages and doctors’ bills, buy gas, stay warm and still pay taxes…? You can’t pay what you don’t have, so speaking in generalizations really don’t help the discussion. Perhaps we can clarify matters by talking in numbers…what (in dollars and cents or percentages) remains of their income when the 47% have met their basic needs? What remains for the rich after they have similarly met their basic expenses? Without those numbers, fairness cannot be discussed in a concrete way.
 
A wise old man once counseled me that much is expected from the one who is given much. Why is it such a wonder that the person who has more should be expected to contribute more?
They already do.
 
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