Richard Epstein on Income Inequality

Income and wealth inequality is a hot topic in political and economic conversations today. Just recently Thomas Piketty, an economist at the Paris School of Economics, came out with a book, Capital in the Twenty-First Centurywhich has as its main thesis that capitalism as an economic system naturally tends toward extreme income inequality, that, if not checked, will result is catastrophic social consequences. He proposes a world-wide global progressive tax that would levy higher taxes on the rich in order to subsidize the poor. The belief that income inequality is a major problem in society is ubiquitous and ever-increasing. Continue reading “Richard Epstein on Income Inequality”

The Love of Money and the Root of Money

Now there is great gain in godliness with contentment, for we brought nothing into the world, and we cannot take anything out of the world. But if we have food and clothing, with these we will be content. But those who desire to be rich fall into temptation, into a snare, into many senseless and harmful desires that plunge people into ruin and destruction. For the love of money is a root of all kinds of evils. It is through this craving that some have wandered away from the faith and pierced themselves with many pangs. (ESV)

A Basic Confusion

The above verses are from 1 Tim. 6:6-10. Many people who have read this passage have come away convinced that money is evil and that being rich is wrong. Who would want to fall into such temptation and risk so much? Who wants to face ruin and destruction? Yikes! It’s probably best to just stay away from money altogether, right? Well, no of course not. If we read Paul carefully, we note that he says that the love of money is the root all kinds of evil, not money qua money (and the desire to be rich is wrong, not simply being rich). Hmm, this makes things more complicated doesn’t it? Perhaps money isn’t intrinsically wrong, but we definitely shouldn’t love it. But just what is money anyway and why do we need it? If the love of money is so risky, wouldn’t it be better just to do away with money altogether? Is this possible?

Continue reading “The Love of Money and the Root of Money”

Random Thoughts: St. Augustine, Leadership, & Discrimination

Sometimes I have random thoughts that I want to write down and develop a little bit, but they aren’t substantial enough to expand them into their own respective posts. So instead I’ve decided to put them together into one post. These do not necessarily relate to each other (unless somehow you, the reader, see some fantastical connection that I don’t). It’s possible that cognitively processing these little issues will help me sort them out so that I can develop them into more substantial articles in the future. Your thoughts or comments are welcome. Enjoy! Continue reading “Random Thoughts: St. Augustine, Leadership, & Discrimination”