Tag Archives: Economics

Why Trickle-Down Economics Doesn’t Work

Two weeks ago we looked at how it is mathematically impossible to spend the same money on superfluities (i.e. unnecessary stuff) and aid to the poor, and from that we concluded that statements like “You need to be rich in order to give money to the poor” or “It’s good to give money to the poor, but there’s nothing wrong with being rich” either cannot refer to the possession or consumption of superfluities, or they are simply self-contradictory.

In this blog post I want to address another argument rich people use when defending their wealth, namely that all consumption is good for the economy and in the end also beneficial for the poor; there is really no need to point out consumption of superfluities as something bad, since the money one pays eventually trickles down to the poor.

Continue reading Why Trickle-Down Economics Doesn’t Work

Why Wealth is Wrong: The Mathematical Argument

112In my God vs Wealth series and God vs Inequality E-book, I’ve mostly based my arguments for why Christians shouldn’t be rich on Bible study, as well as a bit of early church history.

However, I have noticed that many Christians who defend their personal wealth do not just use the Bible, but also theoretical arguments that are based on economics, ethics and experience. Most of them are quite easy to counter with other arguments in the same field for why wealth is wrong. So in a couple of blog posts, I would like to discuss some of these arguments for and against wealth, while also connecting them to the Bible.

The first argument I often hear is “You need to be rich in order to give money to the poor” or, alternatively, “It’s good to give money to the poor, but there’s nothing wrong with being rich.” Now, I could agree with the first statement if we define rich as “having an income that exceeds one’s own/family’s needs” because then, per definition, only rich people will be able to give money to the poor without harming themselves or their families.

Continue reading Why Wealth is Wrong: The Mathematical Argument

Community of Goods: Economics According to the New Testament

The original movement behind modern Charismatic Christianity is Pentecostalism. The name “Pentecostal”, as we all likely know, comes directly from the second chapter of the Acts of the Apostles. In that chapter, on the day of Pentecost (referring to the fiftieth day after Passover), the early church received an amazing gift (charism): the Holy Spirit descended upon them. The Bible says:

When the day of Pentecost had come, they were all together in one place. And suddenly from heaven there came a sound like the rush of a violent wind, and it filled the entire house where they were sitting. Divided tongues, as of fire, appeared among them, and a tongue rested on each of them. All of them were filled with the Holy Spirit and began to speak in other languages, as the Spirit gave them ability (Acts 2:1-4).

The story of Pentecost is powerful. It testifies to us the importance of the Spirit in the church. However, we in the Pentecostal/Charismatic movement have a tendency to stop reading the chapter not long after this. We heavily emphasize spiritual gifts and revival, but we ignore the following verses in this chapter, in which the early church’s social dynamic is described to us. Continue reading Community of Goods: Economics According to the New Testament