Tag: rich

Should Elon Be Wealthy?

Is it wrong to have wealth? Let’s plunge into the Deeper Waters and find out.

I got into a Facebook debate recently with someone talking about Elon Musk and all the wealth he has. Obviously, Elon needs to do more with the money that he has. He has so much money while so many people are suffering from hunger.

This kind of argumentation has a lot of emotional appeal. In our society, many of us have come to hate some people for having money. Of course, a lot of celebrities and athletes are exempt from this because, well, we get entertained by them. We also know that we can’t be them, but a CEO? That’s different.

Let’s look at the last part first. There are a lot of people dying from hunger. Yes. The problem is that this is not just a money problem. This is a problem because of wicked governments in the world. Believe it or not, some dictators out there don’t care if their people starve or not. It’s not as if people wanting to feed the hungry are allowed to go door-to-door in these countries giving out food to the poor. No. In many cases, the government will seize and goods that come in and use that as leverage to control the populace.

“Well, Elon has more money than he needs!”

Yet as I was told this, I asked back immediately if the person was using a library computer. Do they have a car? Do they have a smart phone? Do they have a place to live with a bed and with heat and air? Can they take a warm shower? Do they have food in their refrigerators and cabinets? If they answered yes, then they are actually themselves among the richest people in the world.

It’s awfully strange then that such people do not have to give away what they have. They do not have more money than they need. It is those people who are above them that are the problem. To paraphrase Thomas Sowell, it is amazing that Elon Musk is greedy for wanting to keep the money he has earned, but someone else is not greedy for wanting what they think is their share of the money Elon has earned.

Not only this, but it’s not as if Elon Musk keeps his money in Scrooge’s vault and goes swimming in it regularly. Usually, what we measure is the net worth of a CEO. He has money invested in his earnings and his business. Saying he is worth X billion does not mean he has X billion in his bank account.

We also have to ask how many people does Musk employ? There are plenty of people who have jobs today because of Musk. CEOs own the company, but who does a lot of the work also in the company? Middle-class employees.

Does Musk give to charities also? Yes. When the hurricane hit areas in the east of America, he was there to provide internet services and other goods for those in need. Someone could say Musk could give more, but when we stand before God, we won’t be asked about what Musk did with what he had. We will be asked what we did with what we had.

Let’s suppose that instead of investing in his company which would create jobs, Musk goes out and buys a yacht or a mansion. Doesn’t that hurt us? No. Hint. CEOs do not build yachts and mansions. Who builds them? Again, middle-class people. It is the rank and file that build them and thus, they have jobs. You can say they are temporary, but all construction jobs are temporary.

Let us suppose that Musk puts his money in a bank. You could say it is just sitting there, but you know who it provides opportunities for? You and I. We can take out loans from a bank because of money that has been put there by others. That money could be used to fund education or our own small businesses we want to start.

Does the Bible often seem to condemn the rich and the wealthy? Yes, but it is not because they are rich and wealthy. Plenty of heroes of the faith are also rich and wealthy. Abraham and the patriarchs were incredibly rich. David and Solomon were rich. Anyone who provided for a New Testament church and the copying of New Testament manuscripts was rich. Having wealth is not the problem. Wealth having you is the problem.

Also, in America, if you are poor, it is not because another person is rich.  If Elon’s money was equally divided among all Americans, we would all get about $777 one time. For me, that could pay my rent for one month and maybe one or two other bills and then that’s it. This is something people miss when they want to talk about going to college and getting free health care and just letting the rich pay for it. As Margaret Thatcher said, the problem with socialism is sooner or later you run out of other peoples’ money. Not only do the rich lose the money, but they have less they can do to hire other people.

Keep in mind as I say this that I am not rich myself. I have my own Patreon and I make minimum wage at my job. When it comes to voting, my policy is simple. Never vote for a new tax. Always vote for a tax cut. Does that include tax cuts for the rich? Absolutely. I trust that they can do more good with the money than the government can, a government that is $35 trillion in debt doesn’t have a lot to say about how other people should use their money. Government needs to reduce its spending, not take more from us.

Could Musk do more? I am sure he could, but that is an irrelevant question to ask. The question I should be asking is “Can I do more?” The question you should be asking is the same. When I meet someone who wants someone rich to give away all they own, but they won’t part with their smartphone, computer, automobile, etc. I just can’t take them seriously.

Do what you can with what you have. How someone else is spending their income will be between them and God.

In Christ,
Nick Peters
(And I affirm the virgin birth)

Is This Quote Marxist?

Does the Bible line up with Marxism? Let’s plunge into the Deeper Waters and find out.

So there’s this collection of memes going around the internet where you’re supposed to play a game and decide if the quote comes from Marx or the Bible. Naturally, there’s no citation given. I can understand that during the “game”, but one would hope that at the end, all the references would be given.

Alas, such is not the case.

So let’s go through these quotes which all turn out to be from the Bible.

No reference of course, but yes. Don’t rob the poor. That’s not only Christian, that’s capitalist. Capitalism is the free exchange of goods without force, theft, or fraud. If any system robs the poor, it’s Marxism. Economic controls make it harder for the poor to earn and have income in the long term and taxation doesn’t hurt the rich nearly as much as it does the poor.

Quote #2:

This is Proverbs 22:16 and again, what’s the problem? Proverbs give general principles and this is one of them. God has a special heart for the poor in Scripture and so mistreatment of the poor is not allowed. Giving to the rich would be a way of trying to buy the favor of a rich man and get his honor. Now if you had a friend who was rich, this doesn’t mean you can’t buy him a gift of some sort, but it would mean you should be giving to the poor too.

By the way, conservatives typically do give more to charity, as is shown in Arthur Brooks’s The Conservative Heart. There’s less emphasis to give to the poor if you just think the government will do it for you.

#3:

This is from Proverbs 29:7. The righteous care for the poor. The wicked doesn’t. It would be a mistake to read the Constitution into this as it was not written with an American Republic in mind, but again, what’s the problem here? We should care about the poor. Most capitalists would agree. We’d even say that’s why we’re capitalists. The best way to help the poor is to enable them to rise up out of poverty. Thomas Sowell has repeatedly stated that few people stay in the same income bracket their whole lives. Those at one point in the bottom 20% will not always be there.

#4

This is found in James and is a way of warning against trying to buy the favor of the rich. Big shock. Rich people can be evil. For that matter, so can poor people, but rich people often have greater means to do evil.

This is why it’s important to realize that before Adam Smith ever wrote a book on capitalism, he wrote one on ethics. Capitalism is not meant to be done apart from ethics.

This is a general principle and yes, the rich do tend to have power over the poor and if you borrow money from someone, you are their servant to an extent.

How this is supposed to be something Marxist is not explained.

I am quite sure the person who shared this has not sold their computer and given it to the needy yet. At any rate, this was said to one person in particular, the rich young ruler, since money was his idol. After all, if everyone did this, eventually, we would have new needy and new rich people. It would just be a reversal.

This is also true. If you desire to be rich above all else, that is a path of destruction. There is nothing wrong with wanting to have money in itself and wanting to be financially secure, but if you blur ethical lines to do that, you have a problem. Rich people with good hearts can do a whole lot of good. Rich people with wicked hearts can do a whole lot of bad, such as someone like, I don’t know, Engels, regularly giving of his wealth that he had to finance someone named Marx. His philosophy has been one of the most destructive of all.

It is. It is not the root of all evil, but much evil is done because of the love of money. This can even include if you’re the government and think you need to take away money from other people and give it to others. If I empty out your bank account in theft and give all the money to the poor, I have used the money for something good, but I have done an evil because it was not my money to use in that way. Somehow though, if the government does that, it’s okay.

This is Hebrews 13:5 which also says to be content with what you have. Again, what is the situation here? As a capitalist, I agree with this.

This is from Luke’s version of the Sermon on the Mount, which is giving a reversal. In the day of Jesus, it would have been thought that the rich had the blessings of God, since, well, they were rich. Jesus says it is otherwise.

Ultimately, the problem with all of these is the assumption that if you are someone who cares for the poor and doesn’t glamourize wealth, you should be a Marxist. It doesn’t work that way. Too many leftists think that if you don’t agree with them on the ways to help the poor, then you don’t care about helping the poor. If I care about treating your hiccups and my suggestion is to get an axe and cut off your head, it would be silly to say if you disagree that you don’t care about solving the problem. You just don’t think that’s the most efficient way. (Although to be fair, if I did do that, you certainly would no longer have hiccups!)

Capitalists are in favor of helping the poor. We just don’t think the government is the way to do it. That doesn’t mean we oppose all government safety nets, but we much more support private individuals giving freely of themselves to help those in need. If all Marxism meant was caring for the poor, no one would really object. It is how they think we should care for the poor that is a real issue here.

I really think most people should just read at least Henry Hazlitt’s Economics in one Lesson. 

In Christ,
Nick Peters
(And I affirm the virgin birth)