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Published: November 1, 2022 8.45am EDT Updated: January 2, 2023 11.05am EST > In the United States, the 10% earning the highest incomes take home nearly half o

by lapcat 3y ago

Published: November 1, 2022 8.45am EDT Updated: January 2, 2023 11.05am EST > In the United States, the 10% earning the highest incomes take home nearly half of all income and the richest 10% of all households own more than 70% of all the wealth. > Inequality tends to be greater in developing countries than wealthier ones. The United States is an exception. > The rich tend to spend less of their money than the poor. As a result, the extreme concentration of wealth can slow the pace of economic growth. > Extreme inequality can also exacerbate political dysfunction and undermine faith in political and economic systems. It can also erode principles of fairness and democratic norms of sharing power and resources.

jollofricepeas 3y ago
Maybe the Bible has the answer? “The Jubilee is the year at the end of seven cycles of shmita (Sabbatical years) and, according to biblical regulations, had a special impact on the ownership and management of land in the Land of Israel. According to the Book of Leviticus (Chapter 24-25), Hebrew slaves and prisoners would be freed, debts would be forgiven, and the mercies of God would be particularly manifest.” SOURCES: - https://en.m.wikipedia.org/wiki/Jubilee_(biblical)#:~:text=The%20biblical%20requirement%20is%20that,of%20all%20Israelite%20indentured%20servants https://en.m.wikipedia.org/wiki/Jubilee_(biblical)#:~:text=T.... - https://bibleproject.com/podcast/jubilee-radical-year-release/#:~:text=The%20Year%20of%20Jubilee%E2%80%94it's,every%20fifty%20years%20in%20Israel https://bibleproject.com/podcast/jubilee-radical-year-releas....
- dsgnr 3y ago
  Interesting. Debt falls off a credit report after 7 years, so there is that.
- barbazoo 3y ago
  The Bible actually does have the answer: > Jesus answered, “If you want to be perfect, go, sell your possessions and give to the poor, and you will have treasure in heaven. Then come, follow me.” https://biblehub.com/matthew/19-21.htm https://biblehub.com/matthew/19-21.htm

by lapcat 3y ago

jollofricepeas 3y ago

Maybe the Bible has the answer? “The Jubilee is the year at the end of seven cycles of shmita (Sabbatical years) and, according to biblical regulations, had a special impact on the ownership and management of land in the Land of Israel. According to the Book of Leviticus (Chapter 24-25), Hebrew slaves and prisoners would be freed, debts would be forgiven, and the mercies of God would be particularly manifest.” SOURCES: - https://en.m.wikipedia.org/wiki/Jubilee_(biblical)#:~:text=The%20biblical%20requirement%20is%20that,of%20all%20Israelite%20indentured%20servants https://en.m.wikipedia.org/wiki/Jubilee_(biblical)#:~:text=T.... - https://bibleproject.com/podcast/jubilee-radical-year-release/#:~:text=The%20Year%20of%20Jubilee%E2%80%94it's,every%20fifty%20years%20in%20Israel https://bibleproject.com/podcast/jubilee-radical-year-releas....

dsgnr 3y ago
Interesting. Debt falls off a credit report after 7 years, so there is that.
barbazoo 3y ago
The Bible actually does have the answer: > Jesus answered, “If you want to be perfect, go, sell your possessions and give to the poor, and you will have treasure in heaven. Then come, follow me.” https://biblehub.com/matthew/19-21.htm https://biblehub.com/matthew/19-21.htm