With the opening of the G20 Summit in Cannes, France today, an idea that’s been around for awhile is in the news again and gaining more attention as a result of the #OWS movement: The so-called “Robin Hood tax,” a minimal tax on all financial transactions with the resulting revenue dedicated to anti-poverty programs….Archbishop of Canterbury Rowan Williams, in his response to the occupation of St. Paul’s Cathedral in London, endorsed the Vatican proposals. Williams observed that ”people are frustrated beyond measure at what they see as the disastrous effects of global capitalism,” and urged a full debate on “a Financial Transaction Tax … or, popularly, a ‘Robin Hood Tax.’”
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When some of these local young people heard about my event, and asked the church if they attend, the church graciously gave them free tickets. Apparently, the word spread and a big crowd of protesters descended on the already large audience. It soon became clear that Occupy Grand Rapids was in the house as they enthusiastically participated in the discussion, offering very civil, but also very challenging questions.
After the program ended, the young Occupy Grand Rapids activists asked if I would spend some time with them, to which I quickly agreed. But they also asked the Mayor to stay, and bravely, he also accepted - a decision I thought was in keeping with what a responsive democracy should look like.
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At 92 years old, Seeger – who was joined by 60s folk singer Arlo Guthrie, and several other musicians – marched over 30 blocks in peaceful protest, ending with a variety of musical performances, one of which involved the folk hymn “We Shall Overcome,” a song Seeger helped popularize half a century earlier.
Week end's latest news as well as a few pieces you might have missed from the past few days. Check back on Sunday for a review of "The Mighty Macs," a few longer essays from SoJo staff and friends, and the latest news on the U.S. troop withdrawal from Iraq after nine years of war.
Editor’s Note: In light of the recent protests at #OccupyWallStreet and around the world, we have revisited Jim Wallis’ 2010 book Rediscovering Values: On Wall Street, Main Street, and Your Street and picked out some passages that are particularly pertinent to what we are seeing in our nation today.
The Passover of the Jews was near, and Jesus went up to Jerusalem. In the temple he found people selling cattle, sheep, and doves, and the money changers seated at their tables. Making a whip of cords, he drove all of them out of the temple, both the sheep and the cattle. He also poured out the coins of the money changers and overturned their tables. He told those who were selling the doves, “Take these things out of here! Stop making my Father’s house a marketplace!” His disciples remembered that it was written, “Zeal for your house will consume me.”
– John 2:13-17
Interestingly, in his turning over of tables, Jesus specifically targeted the merchants who were selling doves. Doves were the least expensive sacrifice permitted to be offered in the temple, and, therefore, were often bought by the poorest of the pilgrims.
It was a marketplace that took advantage of the poor, who had little other choice. It was a “subprime” marketplace in which a few accumulated great wealth for themselves at the expense of those who could least afford to pay. The money changers had taken a place reserved for the values of God, and used it to put their profits first. No doubt these money changers would have argued that they were only responding to a demand of the market, but Jesus didn’t seem to see it that way. What was happening in the marketplace was a spiritual and moral problem, not just an economic one…
[When Jesus turns over the tables] we see a man enraged at injustice and passionately confronting those who exploit the poor. We also learn that there are some things that we all should get angry about, that there are situations where the only appropriate response is confrontation…
First, we were sold a lie. We were sold an illusion that promised the American Dream was as close as our next purchase. That we could pursue our selfish interests without thought to the consequences, because the “invisible hand” would work it all out in the end. We were told that we did not need to work for wealth, that it would come if only we put our money in the hands of the right stock broker, mutual fund, or stock…
Second, the rules of the game failed. It was supposed to be simple. Work hard, get ahead, buy a home, and tuck some money away for the future in a 401(k). If you followed those rules, everything would work in your favor. But good jobs have disappeared, wages have been garnished, and 401(k) savings have disappeared. The rules of the game seem to have worked for those who set the rules, but not for those who played by them.
Third, our good was supposed to trickle down. We were promised that as the rich got richer, the rest of the country would prosper as well. If we handed our finances and ultimately our lives over to those who knew the market the best, it would benefit us all. If we took the virtues of the market and made them the virtues of our lives, we, too, would experience boundless prosperity. Fulfillment would come if we could just trust the market enough to work for us…
The market has become our “golden calf,” our idol of ultimate allegiance… This is when God—and then Moses—got angry. Why? Just because they built a golden calf? No. The calf could have been just a work of art, a statue to enjoy. What made the calf an idol was that the people gave the newly created calf the credit for leading them out of Egypt. They gave to the golden calf credit and attributes that belong only to God…
Today, instead of statues, we have hedge funds, mortgage- backed securities, 401(k)s, and mutual funds. We place blind faith in the hope that the stock indexes will just keep rising and real estate prices keep climbing. Market mechanisms were supposed to distribute risk so well that those who were reckless would never see the consequences of their actions. Trust, security, and hope in the future were all as close to us as the nearest financial planner’s office. Life and the world around us could all be explained with just the right market lens. These idols were supposed to make us happy and secure and provide for all our needs. Those who manage them became the leaders to whom we looked, not just for financial leadership, but direction for our entire lives. That is idolatry.
Rich and poor alike were sucked into making heroes out of those who seemed to be able to turn everything they touched into gold. Holocaust survivor and Nobel Peace Prize recipient Elie Wiesel lost virtually all of his personal wealth and his foundation’s, up to $37 million, to Bernie Madoffs Ponzi scheme. “We gave him everything, we thought he was God, we trusted everything in his hands.”‘
(All pictures are courtesy of Catholics United, who produced the ‘golden calf’. Extracts come from pages 19-29 of the hardcover edition of Rediscovering Values.)
At the dedication ceremony for the Martin Luther King, Jr. Memorial, at least two speakers -- the Rev. Bernice King, Martin Luther King's daughter, and the Rev. Jesse Jackson, one of King's lieutenants -- reminded us that at the end of King's life he was planning the Poor People's March
The Poor People's March is an ancestor to the current Occupy Wall Street movement that we see breaking out across the globe today. The idea was to bring poor people from across the color line -- white, black, brown, red, yellow -- to Washington to call attention to the importance of economic justice. King understood that economic justice -- distributive justice -- was not a matter of race in the United States.
It was true then, and it is true now that African Americans and Latino/as suffer disproportionately from income inequality. But it is important to remember that people of all colors suffer from the corrosive effects of income inequality. Some of the poorest communities in the country are European American. The poorest states in the United States with some of the worse educational and health care outcomes are states in the former confederacy.
Income inequality has increased since 1968. So the question that insists upon being answer is this: Why has income inequality worsened between 1968 and today?
Interfaith Worker Justice has published a Prayer Service designed to help people reflect on a moral economy within the context of their religious tradition. Written for clergy and religious leaders, the prayer service is aimed for those Occupying Wall Street and other cities, and for congregational use.
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