Economics

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·         I am a proponent of free-market, free trade capitalism in the spirit of Adam Smith. I recognize that the system is not perfect, just like any human system, so the government's role in the economy should be to correct market imperfections. These include monopolies, incomplete information, negative externalities, and products and services that are in high demand but that can only be provided for the collective good.

·        Protectionist economic policies only cause harm and play favorites. The ideal global free market is the most democratic system ever established, and when people, markets, communication and ideas are forcibly confined to within strict national boundaries, the universal right of individual liberty is undermined. Economics blends both math and human nature, and due to the sociological aspect, nothing economically is cut and dry, or a zero sum game. Too many people miss how the pie can grow, or how governmental intervention in the market causes ripples, multiple layers deep.

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Taxes

The President does not control the tax code, rather, the responsibility to enact a tax code lies on Congress. Do not believe or vote for a candidate based on, "My tax plan would be XYX..." However, as a part of the budgetary process, the Executive Office, including the OMB, submits an annual budget to Congress for them to vote on, or hack to pieces. This procedure is not written into the Constitution, but is tradition. So, the following is what I would submit to Congress.

The purpose of government is to protect the inalienable rights of all, life, liberty, and property. In order to do so, the government needs funding. But as in any public policy, fundraising must be done in an equitable manner that does not favor one segment of society over another. Higher tax rates for the wealthy are inequitable when they already significantly pay a vastly higher amount numerically. The money could be better spent in the private sector to spur the economy. Yet, the wealthiest, with the best lawyers, too often find exemptions and tax loopholes to where they actually end up paying a lower percentage than most. Unjustly favoring the wealthy in this manner is as well, quite inequitable. As such, “progressive” tax rates and the current tax code ends up just hurting the middle class more than anyone.

 I strongly support an across the board flat tax, zero deductions or exemptions for anyone, as the fairest and most equitable way to fund the government. Everyone would pay the same percentage. But unlike most proponents of a flat tax, I don’t want to propose an arbitrary percentage. The flat rate should be calculated each year based on expected federal expenditures to match zero-deficit. This way, tax rates would not just be an economic issue, but would make it a much more political issue by tying the level of government expenditures directly to the wallets of every American. People would start to take a harder look at how the government spends their money. It would increase individual liberty and self-sovereignty by giving the people a greater stake in what programs they wish their congressmen to support.


COMMUNISM, CAPITALISM, AND THE CHRISTIAN RESPONSE

Matt White

July 6, 2015

Communism, as promoted by Marx, promotes a view of capitalism as being a system that oppresses the poor, and that has a ruling class obsessed with money, greed, and materialism.  For Christians who believe in capitalism, when interacting with communists, it is important to state, with humility and respect, our common ground based on our Biblical mandates. Communists and capitalist Christians can both abhor rampant greed, as the Bible teaches that “…the love of money is a root of all kinds of evils” (1 Tim. 6:10 ESV). Christians cannot deny our mandate to show compassion towards the poor: “Whoever oppresses the poor to increase his own wealth, or gives to the rich, will only come to poverty” (Prov. 22:16 ESV).

By living their lives within the Biblical mandates, Christians should strive to live in contrast to the communist generalizations of capitalists. God sees each of us as unique individuals created in his image, and not just as an insignificant part of the collective masses, a cog in the state machine. In a capitalistic system, people are free to pursue their individual talents of which God has endowed. Capitalism does not necessitate greed; it better ensures general prosperity. When we are free to use our God-given talents, we prosper, and that prosperity radiates in all directions. When people create wealth, they spend it, increasing the prosperity of local business owners and their employees. Businesses prosper by creating goods and services that are useful to all members of society in mutually-beneficial agreements. 

The capitalist system has more capability to lift people out of poverty than any other system, as history has shown. Regardless of the merits of capitalism, it is an imperfect human-run institution that still leaves many in need by local standards. Christians are mandated to give to the needy, however, it is not through forced redistribution. “Each one must give as he has decided in his heart, not reluctantly or under compulsion, for God loves a cheerful giver” (2 Cor. 9:7 ESV).

Communism promotes a bipolar worldview of class, where the wealthy are the oppressors and the common man is the oppressed. Such classes do not exist in God’s eyes, and the call for class warfare has to end. Every person, regardless of worldly possessions, is on equal footing in need of God’s grace. Not all rich people are evil. Not all poor people are virtuous. God sees what is in a person’s heart, and not how much is in a person’s bank account.

Moral Criticisms of the Market

Ken S. Ewert (March 1, 1989)

This linked article was obviously not written by me, but I highly recommend reading it.


Critique of the Book "Common Sense Economics," an Expose of Free Markets, Prosperity, and Individual Liberty

November 4, 2013