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Eric Swanson

For Those of You on Your Way to Church This Morning ...a note from Michael Moore | Mich... - 0 views

  • At the same time, Wall Street bankers ("Blessed Are the Wealthy"?) are amassing more and more loot -- and they do their best to pay little or no income tax (last year Goldman Sachs' tax rate was a mere 1%!). Would Jesus approve of this? If not, why do we let such an evil system continue? It doesn't seem you can call yourself a Capitalist AND a Christian -- because you cannot love your money AND love your neighbor when you are denying your neighbor the ability to see a doctor just so you can have a better bottom line.  That's called "immoral" -- and you are committing a sin when you benefit at the expense of others.
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    Even Michael Moore can see the hypocrisy of saying we are a Christian, but then loving money and the things we can do for us, instead of others.
Eric Swanson

How the tax code encourages debt : The New Yorker - 0 views

  • The government doesn’t make people go into debt, of course. It just nudges them in that direction
  • This gives the system what economists call a “debt bias.” It encourages people to make smaller down payments and to borrow more money than they otherwise would, and to tie up more of their wealth in housing than in other investments.
  • So encouraging people to take on debt qualifies as a genuinely bad idea.
  • ...1 more annotation...
  • Subsidizing debt seems harmless simply because we’ve always done it. But the fact that you’ve had a bad habit for a long time doesn’t make it less dangerous.
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    A great editorial about the problems associated with the government encouraging a debt economy.
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