Success-Wealth-Pope-Sin-Bob Davis Podcast 825

Success-Wealth-Pope-Sin-Bob Davis Podcast 825

Pope Francis is at it again. In his latest attack on capitalism he says the pursuit of career, success and wealth is sinful. This is a popular position to take these days. Do you agree? We’ll talk about it in Success-Wealth-Pope-Sin-Bob Davis Podcast 825.

Extremes

Anything taken to the extreme can certainly be a sin. Maybe the Pope has gone too far this time though.

I Am Poor Because You Are Rich. Right?

Pope Francis seems to be reinforcing the idea that one person is poor because someone else is rich. So did Karl Marx.

Tax Breaks Are Bad Unless I am Getting Them

Moreover this theme is often taken up by anti capitalist protesters. In Paris they are complaining that the billionaires offering to fund the rebuilding of Notre Dame should be helping the poor instead. Amazon is criticized by the media for employing legal tax breaks to bring its tax bill down to zero. Everyone else employs tax accountants. Why? To lower their tax bills.

How Big Is The Pie?

Finally Pope Francis reinforces the idea that the pie is only one size. When one person takes a slice less pie remains. Fact is capitalism and capitalists make the pie bigger.

Hard Work And Focus On Success Is Now A Sin?

The popular notion the Pope is reinforcing is investors and entrepreneurs receive income exceeding the value and contribution they make to the process of production. In fact, investors and entrepreneurs driven by a single focus make production possible. How is that a sin?

Define Capitalism

As a result of this Pope’s statements one can only conclude he is attacking capitalism. What is wealth? Prosperity? Success? How does one define capitalism? I do in Success-Wealth-Pope-Sin-Bob Davis Podcast 825.

Even Jesus Had To Work Hard

Above all accomplishing anything of human value isn’t easy. Any noteworthy contribution made by human beings from Lebron James to Jeff Bezos takes a lot of focus and work. The Pope might encourage that commitment rather than condemn it.

Dangerous Cynicism

In conclusion this Pope demonstrates a more dangerous cynicism. Especially when you consider the fact that the Catholic Church itself remains one of the largest real estate owners and tax free institutions in the world.

Sponsored by Whitetail Builders and Ryan Plumbing and Heating of Saint Paul

Success-Wealth-Pope-Sin-Bob Davis Podcast 825

Podcast: Play in new window | Download (Duration: 25:33 — 58.5MB) | Embed

Subscribe: Apple Podcasts | RSS

Podcast 328

Net Neutrality. If you were called on to explain something called ‘Net Neutrality’ could you? Most people can’t, and many in the telecommunications business are challenged when it comes to explaining it in terms ‘regular’ people can understand. In spite of this, the FCC has issued new rules regarding Internet Service Providers based on something called Title II, of the Communications Act of 1934. Hey! Did you fall asleep? These new rules – now pay attention – reportedly begin government regulation of Internet Service Providers in a way similar to how telephone companies have been. With the passage of the new regulations, media coverage of this issue has exploded. Now, the earliest these rules can go into effect is this summer, and there will be court challenges, and public pressure brought to bear in the meantime. The FCC is supposed to be an independent agency within the executive branch, and FCC Chair Tom Wheeler was in favor of a lighter touch here, until President Obama issued a video purported to be directed to the public, but the audience was in fact Tom Wheeler, appointed by the President. So, Wheeler knuckled under and issued harder regulations. Reportedly, supporters of Net Neutrality (oddly enough mostly on the political left) issued as many as four million emails supporting the President’s version. If you are one of those people slapping the table and decrying another power grab by the President, how many emails did you send? The real issue here is the increasing power and proliferation of government agencies controlled by bureaucrats appointed by executives to issue rules with the force of law, controlling our lives. The last months of the Obama Administration will be one wild ride after another, triggered by executive order, executive memoranda, or prosecutorial discretion. This is the reason every little thing in life seems political, and its the reason people who want to cut the Gordian Knot of Government have to get involved and stay involved. Sponsored by Baklund R&D. 

Podcast: Play in new window | Download (Duration: 35:47 — ) | Embed

Subscribe: Apple Podcasts | RSS