Most of our topics for
this worship series are of interest to us however, except for maybe gender
identity, few if any of them personally affect us. They are things in our sphere yet not all
consuming. This week we discussed
economics. We are all economic beings –
we all exist in a system of economics and it does impact our daily existence. Because we live in a capitalist system we
also know that our economics are mostly based upon merit. It is a system that values productivity and
contribution. The rewards are mostly
based upon effort. The harder you work,
the more money you can earn. The more
money you earn, the more things you can buy.
The more things you can buy, the fuller your life will be. Or at least, that is the way the game is sold
to us.
However, what makes
economics a topic of contention is the on-going cry of the “rich keep getting
richer and the poor keep getting poorer.”
We consistently hear about the ever widening wealth gap which really is
not anything new. For centuries humans
have been divided by many things, including economic status. Layer into this the economic needs of our
particular form of government and the conversation explodes.
According to the United
States Budget Office the government spends money in three main categories. Mandatory spending (74%), discretionary
spending (18%), and interest on our national debt (8%). Breaking this down even further, mandatory
spending is made up of entitlements (Medicaid, Medicare, Social Security, and Unemployment
Insurance) and the
Department of Defense. Discretionary spending are things we might
need but could do without. Interest is
self-explanatory and we are paying it on 36 trillion dollars of national debt. In order to pay for this, a national income
tax system was developed in the early 1900s.
According to CBS News during the Biden administration the top 1% of
income earners paid 45.8% of federal income taxes. The top 5% paid 65.6% and the top 50% of wage
earners paid 97.7% of federal income taxes.
They also stated that the average tax obligation for the top 50% of wage
earners was a little over $14,000 for 2021.
However, the other half of wage earners had an average tax obligation of
$667 for the same year. If you were not
aware of this, our government spends every penny of this. Actually, they spend more than what they take
in through taxation and tariffs. For
2025, our government is projected to spend 7 trillion dollars while only
raising 5 trillion in revenue. That is a
2 trillion dollar deficit that will be added on to the national debt. Now all of us have thoughts on whether the
tax rate for the “rich” is high enough or not, but that is not the point of the
discussion. It is more personal and it
usually comes down to this - how do I get more and keep more.
One of the phrases that
Jesus used, according to the gospel writers, was “the kingdom of heaven is like
. . . “ However, in the parable of the
talents in Matthew 25, that phrase is not used and because of that, a couple of
Catholic theologians question the traditional interpretation. That interpretation says that Jesus is the
man who leaves, the slaves are his disciples, and the “talents” are his
mission. We are to be productive in
carrying out his mission. Alternatively,
some Catholic theologians believe this is an allegory against self-centered
capitalism. For them, the faithful
person is the one who saves his time and energy for other things, particularly
the true work of God - caring for the widow, poor, and stranger. John Wesley once said that we should “earn
all we can, save all we can, and give away all we can.” He was an industrious fellow who did not
believe in wasting a single minute. Yet,
his time was not spent in true capitalistic fashion – he was employed in the
service to God and the common good. As
we are thinking about the direction of our lives, maybe that is where we should
be going – deeper into our service to God and the common good.
I invite you to take time
and read each of the scriptures above followed by reflection on the questions
below. Consider how invested you are in the economics of this world verses
God’s. Lastly,
I pray that God bless the reading of God’s Word and the meditations of your
heart.