Economics

How many slaves work for you?

Screen shot 2011-09-23 at 1.52.01 PMThe Slavery Footprint campaign launched Thursday (Sept. 22), which also happened to have been the 149th anniversary of the Emancipation Proclamation, with the goal of personalizing "the issue of modern slavery by providing people with an assessment of just how much their lifestyle depends on forced labor -- and the steps they can immediately take to help end it."

By following this LINK I was able to plug in some basic information about myself and my lifestyle -- where do I live, do I own or rent, how many children do I have, have many diamonds/leather shoes/electronic gizmos do I own, what are my eating habits, what's in my medicine cabinet, etc., -- and in just a few minutes received the upsetting news that, according to the Slavery Footprint campaigns diagnostics, 52 slaves "work for me."

Did Someone Say "Class Warfare"?

When President Barack Obama laid out his deficit plan Monday, he wasn't just trying to sell a policy. When he pressed for tax hikes on the rich and announced, "This is not class warfare," he was trying to exorcise a demon that has bedeviled the Democratic Party for decades and in the process deprive the Republicans of one of their trustiest weapons. The reaction from the right was swift and sure: "Class warfare!"

God and Class Warfare

Wall Street has been devastating Main Street for some time. And when the politicians -- most of them bought by Wall Street -- say nothing, it's called "responsible economics." But when somebody, anybody, complains about people suffering and that the political deck in official Washington has been stacked in favor of Wall Street, the accusation of class warfare quickly emerges. "Just who do these people think they are," they ask. The truth is that the people screaming about class warfare this week aren't really concerned about the warfare. They're just concerned that their class -- or the class that has bought and paid for their political careers -- continues to win the war.

So where is God in all of this? Is God into class warfare? No, of course not. God really does love us all, sinners and saints alike, rich and poor, mansion dwellers and ghetto dwellers. But the God of the Bible has a special concern for the poor and is openly suspicious of the rich. And if that is not clear in the Bible nothing is.

Jon Stewart on 'the Poors': Fridges & Microwaves & TVs, Oh My!

Did you know 98 percent of poor households in the U.S. (those with an income of about $22,000 or less for a family of four) own a STOVE or OVEN? Or that 84 percent of poor households have AIR CONDITIONING?

Shocking! An outrage!

At least that's what some of our colleagues in the media appear to believe, as Jon Stewart documents in the following "Daily Show" report:

Can More Taxes Make People Happier?

A new study says that might just be how it works, as long as the taxes are progressive. The study was conducted in 54 nations with over 59,000 respondents. The polling tracked the expressed well being of respondents and then checked for correlations in taxation systems. The end result? On average, those who lived in a country with a highly progressive tax system reported a higher level of quality of life, more positive daily experiences, and fewer negative ones. Overall, people are happier the more progressive their tax system is.

It's an academic paper and the authors don't jump to any political conclusions, but they do provide at least one plausible explanation. The study notes that simply increasing government spending does not increase overall happiness. But people are happier in countries with higher levels of progressive taxation because they are more satisfied with basic government services, such as quality of education and health care.

Pages

Subscribe