C
Curious_Hobbit
Guest
Oh gosh…I said cry wolf when I meant to say cry foul!
Thanks tqualey, it’s just what I’ve been thinking lately.
Thanks tqualey, it’s just what I’ve been thinking lately.
Two things: First, don’t lump one point of view on the internet in with all of modern liberalism. Second, this notion has to do with the Acts of the Apostles, in which members of the Christian community gave everything they had to the community (Acts 4:32). Those who held back fell down dead (Acts 5:5).This is something I read a lot on internet forums (Yahoo Answers) liberals saying Jesus was a Socialist and a Communist.
I know Jesus said we should help the poor, hungry, sick etc but he never said the government should own our private property and spread it out evenly.
“Render unto Caesar (up to x% – then overthrow the government.)”WWJD?
It was Jesus’ way of making a sarcastic remark.
Did Jesus advocate redistribution of wealth? No!
Against an unreasonable tax.
The answer is to get rid of the government that imposes such high taxes.
WRT the decline in the Church’s involvement in charities in general: The Church is not some entity “out there,” the Church is WE Catholics.Because the Church sends mixed messages, that is why. What do I mean by that, before the 1960s, as an institution the Church built Cathedrals, Hospitals, Orphanages, Universities, etc. But, that was then, now it builds nothing and our Bishops spend a good deal of their time lobbying western governments to increase Social Spending. All this under the banner of “social justice.” So in the eyes of many Jesus becomes community organizer who’s main function during his earthly ministry was to see that the rich were forced to give to the poor. Sounds like Socialism and/or Communism to me. Of course our Savior understood that the Gospel message would turn hearts, result in charity, and the Church could welcome in the Kingdom. That part of His story seems to have been lost to much of our leadership.![]()
The United States already has amongst the lowest effective tax rates in the developed world.It bugs me too. Surely no Christian, or good person in general, enjoys to see their fellow man live in poverty without the basic necessities, but to try and solve their problems by confiscating money from those responsible for creating an environment conducive to job growth is not just. Taxes must be competitive in a global economy
:sad_yes::clapping::clapping:WRT the decline in the Church’s involvement in charities in general: The Church is not some entity “out there,” the Church is WE Catholics.
In the 60s, there was a huge exodus of priest, nuns, and monks from the religious life to join the exciting new secular world. This was not noticed and worked on by Catholic families praying and continuing to have lots of children; in fact, they too joined up, contracepting at the same rates as non-Catholic families.
So there were not enough religious to staff the Catholic schools, and there were fewer people (both because of the smaller families and people leaving the Church) to help support the Catholic schools, so tuitions had to go up, so people couldn’t afford the school, so they sent their children to public school or homeschooled.
Yeah, Catholic schools are closing. Yeah, there’s less outreach in other nations. Yeah, there are lots of Catholic charities closing down.
But it’s not because of some outside entity called the Catholic Church, it’s because of *us, *Catholics in the pews. If we don’t have missionaries, schools, hospitals, charities, it’s because we, the people in the pews, have not been praying, have not been supporting, have not been living Catholic lives.
Did they hold back? Or did they lie about it?Two things: First, don’t lump one point of view on the internet in with all of modern liberalism. Second, this notion has to do with the Acts of the Apostles, in which members of the Christian community gave everything they had to the community (Acts 4:32). Those who held back fell down dead (Acts 5:5).
Uh, I don’t think it’s a slam-dunk that this government is not also massively corrupt. One could go on and on about that, but I don’t want to derail the thread.And for myriad reasons, America could never end up like Greece. One of the major impediments to Greece’s recovery is the inability to print their own currency, which is not a problem the U.S. has. Greece’s government was also massively corrupt. Their tax problem was that taxes were not being collected, not that they were too high or too low.
Apparently you did. However, I am not conversely advocating that all taxes are theft. I am saying that the government has a legitimate role in carring for the citizens of the country. How that is accomplished, how much is done through public social programs vs private charity, is something that continually needs to be evaluated.Hold on a minute there, Sally …
My understanding is that you were advocating income re-distribution as the solution. Did I misunderstand you position?
God bless
WRT the decline in the Church’s involvement in charities in general: The Church is not some entity “out there,” the Church is WE Catholics.
In the 60s, there was a huge exodus of priest, nuns, and monks from the religious life to join the exciting new secular world. This was not noticed and worked on by Catholic families praying and continuing to have lots of children; in fact, they too joined up, contracepting at the same rates as non-Catholic families.
So there were not enough religious to staff the Catholic schools, and there were fewer people (both because of the smaller families and people leaving the Church) to help support the Catholic schools, so tuitions had to go up, so people couldn’t afford the school, so they sent their children to public school or homeschooled.
Yeah, Catholic schools are closing. Yeah, there’s less outreach in other nations. Yeah, there are lots of Catholic charities closing down.
But it’s not because of some outside entity called the Catholic Church, it’s because of *us, *Catholics in the pews. If we don’t have missionaries, schools, hospitals, charities, it’s because we, the people in the pews, have not been praying, have not been supporting, have not been living Catholic lives.
First of all, that practice was not continued practice Christians in general; this is the only time it wa mentioned and St Paul had a business so that he would not be a burden on the Christian community.Two things: First, don’t lump one point of view on the internet in with all of modern liberalism. Second, this notion has to do with the Acts of the Apostles, in which members of the Christian community gave everything they had to the community (Acts 4:32). Those who held back fell down dead (Acts 5:5).
The United States already has amongst the lowest effective tax rates in the developed world.
I take for granted that people understand how marginal taxation works. If you’re in the 35% tax bracket, that doesn’t mean your total tax burden is 35%. It just means every dollar you earn after (say) $75,000 is taxed at 35%. Take this example:
$0 - 10,000: 0%
10,001 - 25,000: 15%
25,001 - 50,000: 25%
50,001+: 35%
Say you earn $60,000 – that means you’re taxed at 35%, right? Wrong. If you were taxed at 35%, your net income would be $39,000. Under a marginal tax system (like America has) that is not the case. In this example, the net income of someone earning $60,000 would be $48,000, or an effective tax rate of 20%.
Everything you earn below $10,000 isn’t taxed. Everything you earn up to $25,000 is taxed at 15%. Everything you earn between $25,001 and $50,000 is taxed at 25%. Et cetera et cetera.
And for myriad reasons, America could never end up like Greece. One of the major impediments to Greece’s recovery is the inability to print their own currency, which is not a problem the U.S. has. Greece’s government was also massively corrupt. Their tax problem was that taxes were not being collected, not that they were too high or too low.
Apparently you did. However, I am not conversely advocating that all taxes are theft. I am saying that the government has a legitimate role in carring for the citizens of the country. How that is accomplished, how much is done through public social programs vs private charity, is something that continually needs to be evaluated.
First of all, that practice was not continued practice Christians in general; this is the only time it wa mentioned and St Paul had a business so that he would not be a burden on the Christian community.
Secondly, the practice was voluntary, limited to a community, and not under government supervision.
No, Jesus recommended using the Laffer Curve for government to optimize revenue collections …“Render unto Caesar (up to x% – then overthrow the government.)”
Greece’s debt is currently 144% of their GDP and their budget deficit is 10.6% of their GDP.“American could never end up like Greece…” we hope so - but we are doing NOTHING to prevent this. Right now we have a $15 trillion debt (this puts us a 100% of GNP) and the President will be submitting a ‘budget’ not only asking for an increase in the debt limit but will be offering no reductions in the ‘Big Three Entitlements’ (Medicare, Medicaid and Social Security). The way we are going - we are going to be making Greece look frugal!
The rest of the world might, but it wont be for a while. Countries like China have nothing to gain from ‘calling in their debts’.In my opinion the only reason why we have gotten away with this for so long is that other countries see us as ‘safe’ and ‘reliable’ (ah, forget about that down-grade from S&P last summer … here is the link: washingtonpost.com/business/economy/sandp-considering-first-downgrade-of-us-credit-rating/2011/08/05/gIQAqKeIxI_story.html Which sort of makes me wonder how long it is going to take before the rest of the world realizes that the Emperor really doesn’t have any clothes on?! Seriously we are doing this all with borrowed money - and eventually those creditor nations like China and Japan and Great Britain will want to reconsider just why they are loaning money to us when they need to keep their money home for their own needs.
It’s not that simple. When you have control over your own currency you can devalue it relative to other currencies so that foreign investment becomes more attractive. This is exactly what China does and why many economists are angry at China – all that cheap manufacturing labour wouldn’t be nearly as cheap if China let its currency accurately reflect its value.Finally, it is the ABILITY to print all the money we want that has landed us in this mess - Greece has a real asset here (their IN-ability to run to the printing presses) and you are making it seem like a liability. Want a horror story? Try Germany’s hyperinflation from 1914 -1 923 usagold.com/germannightmare.html
How you don’t think winding up like Greece is possible is simply beyond me. But, if you do have hopes of the riots in Athens calming down and people getting used to the austerity needed … we just shift our attention over to Italy, then Spain, then Portugal … There are many problems out there - so please, remove the rose colored glasses, and smell the trouble looming if we do not get our economic house in order.
Very specific economic conditions existed in Greece that enabled their country to go in the direction it did.God bless
Greece’s debt is currently 144% of their GDP and their budget deficit is 10.6% of their GDP.
In contrast, the U.S.'s debt is 100% of GDP and its budget deficit is 7-8%, which isn’t so bad considering the world is just coming out of the worst financial calamity since the Great Depression. Throughout the 90s the budget deficit was usually below 5%, and there was even a budget surplus before the dot com crash in 2001.
Heck, even before the 2008 crash the budget deficit was very low – only ~2% in 2007.
The rest of the world might, but it wont be for a while. Countries like China have nothing to gain from ‘calling in their debts’.
In 2011, the U.S. imported $366 billion worth of Chinese goods – 3.23% of China’s GDP. If China called in its debt and sank the U.S., and the U.S. plunged into a Greek-style depression, it would be catastrophic for China and the world at large. It would be economic suicide.
It’s not that simple. When you have control over your own currency you can devalue it relative to other currencies so that foreign investment becomes more attractive. This is exactly what China does and why many economists are angry at China – all that cheap manufacturing labour wouldn’t be nearly as cheap if China let its currency accurately reflect its value.
Greece does not have this option. One of the biggest problems with the EU at the moment is that fiscal policy and debt is sovereign but currency is not. Greece cannot devalue its currency relative to its neighbours. Without an economic incentive to do so, would you choose a Greek manufacturer over a German one? I wouldn’t.
Very specific economic conditions existed in Greece that enabled their country to go in the direction it did.
For one, Greece basically committed fraud to join the EU. Their numbers were fudged bigtime. But perhaps most importantly, tax fraud was(/is) widespread and systemic. Tax collectors were on the take and few people paid what they owed to the government. This simply isn’t an issue in the United States, where taxes are some of the lowest in the developed world – not only are taxes largely paid on time, but raising revenue will always be an option for the foreseeable future (not to mention basic things like closing loopholes!).
This is less true in struggling European countries which are already highly taxed (in theory), such as Greece. Greece could have tripled their income tax but it wouldn’t have mattered if nobody collected it.Italy had its own problems – hit particularly hard by the 2008 recession, debt at 116% of GDP, weak coalition government, and very low capital investment by the government.
Of course, none of this is to say U.S. debt isn’t a serious and ongoing concern. It’s just not nearly as serious as people think. If the U.S. somehow goes the way of Greece in the near future, it will be because civilization is collapsing, not because politicians in 2011 mismanaged the debt.
There will come a time when America is no longer the beating heart of the world – all empires rise and fall. But until then, it’s in the world’s best interest to not play games with American finance.