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RE: Obscenely Wealthy

Comment comment by ldsudduth on 12 March 2008

Arguably, the wealthiest man in the world today is Pope Benedict, himself.

We talked about that last night too..I just decided not to use the Catholic Church itself, because it is more like a country than a single individual.

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RE: Obscenely Wealthy by scottb :: NR7

Well, in general, the notion that wealth is intrinsically sinful completely misunderstands basic economics.

I mean, it's incredibly ironic that what may be the wealthiest organization on the planet has declared wealth to be evil, but it's also just plain dumb. Money is a proxy for value - if you have $10 and you want things that cost $20 (and nearly everybody wants things that cost more than they have), you're forced to decide which things you value more. The money flows towards those who produce that which is valued most by everyone else. It accumulates at the points that represent the most powerful generators of value.

Things get complicated from there, of course, but that's the foundation. Wealth isn't (intrinsically) a bad thing, it's an indicator of a good thing.

Posted 12 March 2008, Hide, Parent, Reply