Thursday, January 28, 2010

Wealth and Debt

Stewart Dougherty writes:

According to the Federal Reserve’s most recent report on wealth, America’s private net worth was $53.4 trillion as of September, 2009. But at the same time, America’s debt and unfunded liabilities totaled at least $120,000,000,000,000.00 ($120 trillion), or 225% of the citizens’ net worth. Even if the government expropriated every dollar of private wealth in the nation, it would still have a deficit of $66,600,000,000,000.00 ($66.6 trillion), equal to $214,286.00 for every man, woman and child in America and roughly 500% of GDP. If the government does not directly seize the nation’s private wealth, then it will require $389,610 from each and every citizen to balance the country’s books.
(Remember to multiply this amount by every person in your household, including any infant children.)
State, county and municipal debts and deficits are additional, already elephantine in many states (e.g., California, Illinois, New Jersey and New York) and growing at an alarming rate nationwide. In addition to the federal government, dozens of states are already bankrupt and sinking deeper into the morass every day.

In other words, if the government takes your house, your car, and empties out all your bank accounts and savings and gives it all to the Chinese, Saudi Arabian, and other owners of government debt, the government would still have to take a whole lot more from you to keep all the election promises politicians have made. Promises to the elderly, promises to the poor, promises to the bankers.

The question is, are you able and willing to apply effective political pressure on decision-makers to keep them from taking your wealth, or are those to whom the promises were made more willing to do what it takes to have your wealth redistributed to them?
The poor can riot.
The Chinese can nuke L.A.
They're going to get the wealth that was promised them.

Can you top that? What will you do?

Most likely, you will obey orders. The Middle Class is like that. You will continue working every day, producing the things demanded by the rich and the poor, all the while thinking you're "getting ahead," even though you're a slave.

The government is already confiscating more than two-thirds of everything you earn. The Patriots who threw tea into the Boston Harbor would look at our government and say you are a slave.

But slavery is better than Theocracy, is it not?

Those are the only two alternatives.

Life under God's Law ("Theocracy") would mean at least a tithe (10%) of your income given away. Americans today are only willing to give (voluntarily) one-quarter that amount. A full ten percent would eliminate all illiteracy and provide complete health care for all. But Americans say they're "not nder law, but under grace." Americans say, "I gave at the office."

And so Americans have a different savior. This savior claims to provide a better "safety net" for "the least of these" in our society. Two problems: the government safety net has lots of holes; it costs 6 times more than God's plan.

If Americans would agree to abolish the government and give two tithes away (8 times more than they do now), the poor would be much better off (if they were poor at all), and the middle class would have twice as much as they have now.

“If American Christians simply gave a tithe rather than the current one-quarter of a tithe, there would be enough private Christian dollars to provide basic health care and education to all the poor of the earth. And we would still have an extra $60-70 billion left over for evangelism around the world.”
Book Review: The Scandal Of The Evangelical Conscience - Acton Institute PowerBlog

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