Tag Archives: Economics

Why You Shouldn’t Keep Your Wealth for Yourself as a Christian

Let us end our little blog series on why wealth is wrong. We have already looked at the mathematical argument, where we saw that it is impossible to keep wealth while giving the same wealth to the poor. Then we discussed the economic argument, which says that it is better to invest in goods and services beneficial for the poor rather than superfluities like luxury and entertainment. And last time, I brought up the Bill Gates argument, which states that it is the quantity of what we keep, rather than what we give away, that measures our generosity.

In each post we have started with an argument for why wealth is right, and we shall do the same in this post. The most common moral argument I hear when people defend wealth is: “Rich people have worked hard for their wealth, and deserve therefore to have it and do what they please with it.” It is often combined with “We only have a moral obligation for ourselves and our families, not for the entire world.”

The moral argument for why wealth is wrong, on the other hand, is brilliantly summarized by the apostle John: “If anyone has material possessions and sees a brother or sister in need but has no pity on them, how can the love of God be in that person?” (1 Jn 3:17). As I explained in my article about a Christian World Vision, Jesus-followers should without doubt apply the same moral standpoint on non-believers as well. Continue reading Why You Shouldn’t Keep Your Wealth for Yourself as a Christian

Why Bill Gates Doesn’t Prove that Wealth is OK

When (rich) Christians defend mammonism, the idea that Christians may or should be rich, they often include arguments that aren’t necessarily based on Bible study – such as the arguments I discuss in my God vs Wealth series – but rather in philosophy or economics. These are the sorts of arguments I tackle in my Why Wealth is Wrong series. You can also read my discussions on the economic argument and the mathematical argument.

The Bill Gates argument for why it’s OK to be rich is a variant of the mathematical argument that involves billionaires. Look at Bill Gates, the mammonist says, he’s so generous! He has his Bill and Melinda Gates Foundation that does so much good for the world’s poor. This is because Gates is the richest man in the world, with his net worth of 75 billion US dollars. His abundant wealth allows him to be abundantly generous, and thus he as a rich man should not be condemned but celebrated both for his skills in computer invention and business, and his philanthropy.

The problem with the argument is that it tries to eat the cake and give it away at the same time: wealth is good, because you can give it away. This is the same error as the mathematical argument makes. Saying that wealth is good because billionaires can give lots of money to the poor, is like saying that it’s good to be fat because then you can lose a lot of weight. It’s trying to rationalize a phenomena by arguing that you can get away from it. Continue reading Why Bill Gates Doesn’t Prove that Wealth is OK

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