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Richard Riordan and Eli Broad: It isnít a sin to be rich
Providence Journal ^ | Jan 4, 2014 | Richard Riordan and Eli Broad

Posted on 01/05/2014 6:44:01 AM PST by Innovative

Is it a sin to be rich?

Not if your resources are used to help others and create jobs.

If you listen to most of the discussions of income inequality, it certainly seems like affluence itself is a crime. We hear increasing calls for higher taxes on the wealthy and other policies designed to redistribute income.

We also need wealthy Americans to create those jobs. Start-ups in ventures that produce middle-class jobs require investments by those willing and able to take risks. Over the last five years, according to the Economist magazine, those start-ups have accounted for almost all of the net increase in new American jobs paying at least middle-class salaries.

(Excerpt) Read more at providencejournal.com ...


TOPICS: Business/Economy; Editorial; Government; Politics/Elections
KEYWORDS: incomeredistribution; obama; socialism
If you get rid of "the rich", everyone will be euquallhy poor -- except the "ruling political class", of course.
1 posted on 01/05/2014 6:44:01 AM PST by Innovative
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To: Innovative

Related:

Democrats Continue Class Warfare Rhetoric

http://www.freerepublic.com/focus/news/3108522/posts?page=1


2 posted on 01/05/2014 6:46:49 AM PST by Innovative ("Winning isn't everything, it's the only thing." -- Vince Lombardi)
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To: Innovative

The corrolary is the equally idiotic theory that money is bad, so make the good poor bad by spoiling them with free money.

Our society is based in corruption of both rich and poor. Hence just enough money is used to keep the poor poor... a sort of death camp.


3 posted on 01/05/2014 6:46:57 AM PST by lavaroise (A well regulated gun being necessary to the state, the rights of the militia shall not be infringed)
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To: Innovative

Its a sin to be rich if you support leftist bastards like Obama who work to limit opportunities for others to become so through crony capitalism.


4 posted on 01/05/2014 6:48:33 AM PST by ZULU (Impeach that Bastard Barrack Hussein Obama the Doctor Mengele of Medical Care)
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To: lavaroise

All I can add to the conversation is I’ve been poor and I’ve been rich—and rich is better—LOL!


5 posted on 01/05/2014 6:49:34 AM PST by basil (2ASisters.org)
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To: Innovative

Poor people don’t hire anyone.


6 posted on 01/05/2014 6:49:37 AM PST by Starboard
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To: Innovative

But it should be a sin to write 40 bad books in one year. As Truman Capote once said about a different author: that ain’t writing, that’s typing!


7 posted on 01/05/2014 6:51:09 AM PST by miss marmelstein (Richard Lives Yet!)
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To: Innovative

The Pope can lead by example. He can have the garage sale of all garage sales dispensing of all those valuable trinkets that wealthy productive capitalists from all over the world have sent over the years to the Vatican. He can feed the hungry , house the homeless, do whatever he wants to materially help the poor.


8 posted on 01/05/2014 6:53:21 AM PST by allendale
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To: Starboard; cripplecreek

“Poor people don’t hire anyone.”

Exactly.

Just found a great speech by Ronald Reagan:

“Well, I would suggest that no one should have a vested interest in poverty or dependency, that these tragedies must never be looked at as a source of votes for politicians or paychecks for bureaucrats. They are blights on our society that we must work to eliminate, not institutionalize.

Now, there are those who will always require help from the rest of us on a permanent basis, and we’ll provide that help. To those with temporary need, we should have programs that are aimed at making them self-sufficient as soon as possible. How can limited government and fiscal restraint be equated with lack of compassion for the poor? How can a tax break that puts a little more money in the weekly paychecks of working people be seen as an attack on the needy?”

http://reagan2020.us/speeches/The_Agenda_is_Victory.asp


9 posted on 01/05/2014 6:57:38 AM PST by Innovative ("Winning isn't everything, it's the only thing." -- Vince Lombardi)
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To: basil

As the parable said, who has much or made much, in him much shall be trusted and given.


10 posted on 01/05/2014 6:59:22 AM PST by lavaroise (A well regulated gun being necessary to the state, the rights of the militia shall not be infringed)
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To: Innovative

Obama Pollster To Media: Stop Reporting Polls
January 4, 2014 by B. Christopher Agee

http://www.westernjournalism.com/category/news/


11 posted on 01/05/2014 7:00:28 AM PST by KeyLargo
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To: Innovative

Tax breaks are great and they are a small part of spurring job creation but it doesn’t have anything to do with the utter stupidity of FReepers suggesting that the poor should be deported and similar crap.

Self righteous outrage is a poor cover for cowardice.


12 posted on 01/05/2014 7:02:44 AM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: ZULU

Yep. The more the insanity the more costly are the grave diggers. Obama keeps paying them to burry himself with the rest of liberal automatons, but it has driven the price up... the process pulls and tugs.


13 posted on 01/05/2014 7:03:21 AM PST by lavaroise (A well regulated gun being necessary to the state, the rights of the militia shall not be infringed)
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To: Innovative

If you get rid of “the rich”, everyone will be euquallhy poor — except the “ruling political class”, of course.

***********
Libs love to portray and stereotype wealthy people as being greedy, unworthy beneficiaries of ill gotten gains while they cast the poor as always being virtuous and suffering from misfortune at the hands of others. This convenient dichotomy is usually the rationale for more spending and bigger government. Funny how all the liberal do-good programs always have the side benefit of employing liberals in the political class who run these programs.


14 posted on 01/05/2014 7:03:57 AM PST by Starboard
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To: allendale

I am so tired of hearing of the poor poor poor. Exactly whom is poor? Today it has become anyone who is either not rich or believes they are poor.

In the early 70s I took a trip to San Diego and had occasion to look over at Tijuana. People were living in shipping containers, there was little sanitation, and no government benefits. My comment then was anyone on welfare in Newark who complains about their lot in life should be sent here and see just how poor poor is. Frankly, this was not the worse place to be either, there were other places where being poor was worse but this is what I saw at that time.

Poor is not having a car, TV, Cellphone and other goodies provided by the state. Poor is having NOTHING. Saying one is poor does not mean they need to have the exact goodies other people have. That is called envy or jealousy. Do I feel we need to help the poor, of course. Do I feel we need to provide things beyond the basic needs: NO.

Off soap box


15 posted on 01/05/2014 7:04:24 AM PST by Mouton (The insurrection laws perpetuate what we have for a government now.)
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To: allendale

The problem is serving Mammon. The richest man in the world opening a Bible to read is no more thinking of money and blinded in sin by leisure. He is pretty much “poor”. Giving free stuff to the poor is not so good. It is like serving a steak to a life long Hindu vegan, it can kill them.


16 posted on 01/05/2014 7:08:44 AM PST by lavaroise (A well regulated gun being necessary to the state, the rights of the militia shall not be infringed)
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To: Innovative

Great quote. Thanks for sending.

Dependence is never a good thing, unless you’re a Democrat who can buy votes by institutionalizing social problems.


17 posted on 01/05/2014 7:11:08 AM PST by Starboard
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To: Innovative
Not if your resources are used to help others and create jobs.

Eli Broad sucks off the hind tit of government facilitated "sustainable development." Were it not for crooked enviro scams to reduce the cost of his land purchases while inflating the cost of anything else, he wouldn't be rich, and has admitted as much. RINO Riordan made his money as a consolidator doing LBOs, which isn't exactly rags-to-riches entrepreneurialsim either. Neither one of these two comes even close to a David Packard or Steve Jobs.

18 posted on 01/05/2014 7:12:09 AM PST by Carry_Okie (0-Care IS Medicaid; they'll pull a sheet over your head and take everything you own to pay for it.)
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To: lavaroise

By feeding the “poor” with “just enough money,” you also remove an incentive to join the race for money and power. By taxing the “near-rich,”you keep them from becoming rich. Best way I can think of to maintain the status quo. The feminists have made marriage unnecessary by providing “just enough” sex, removing a major incentive to males to get enough scratch to marry and raise a family.


19 posted on 01/05/2014 7:16:56 AM PST by RobbyS (quotes)
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To: Carry_Okie

Broad Foundation ‘trained’ superintendents are hell bent on destroying public tax payer funded schools and their elected, therefore accountable, school boards. Motive is profit, not good education for the poor or anyone else.


20 posted on 01/05/2014 7:20:07 AM PST by codder too
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To: Mouton

Point well taken. Just trying to make the point that productive capitalism creates the wealth that makes social justice possible. It also creates the wealth that made the gifts that made the Vatican glitter. South American political thought in my judgement has always been fundamentally flawed since their understanding of economics is limited. South American economic and political life is chronically unstable. Unfortunately the Pope comes from this mindset. A good Catholic may wish to accept his religious teachings, but his political and economic opinions are very open for criticism.


21 posted on 01/05/2014 7:27:54 AM PST by allendale
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To: cripplecreek; subterfuge

“Tax breaks are great and they are a small part of spurring job creation but it doesn’t have anything to do with the utter stupidity of FReepers suggesting that the poor should be deported and similar crap.

Self righteous outrage is a poor cover for cowardice.”

AND your post 24 on the other thread:

http://www.freerepublic.com/focus/f-news/3108522/posts?page=24

You are making lots of ASSUMPTIONS that are nowhere in the posts you are responding to. We are NOT responsible for your preconceived notions, imagination or comprehension issues.

Sorry about mixing comments from both threads... but they are related.


22 posted on 01/05/2014 7:28:07 AM PST by Innovative ("Winning isn't everything, it's the only thing." -- Vince Lombardi)
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To: allendale
“A good Catholic may wish to accept his religious teachings, but his political and economic opinions are very open for criticism.”

One thing no one in the whitehut or media will mention because it does not serve their purpose is according to Church teaching, the Pope is only infallible in matters of faith as the Holy Spirit presents God's will to him in such matters. On all secular matters, he is just another guy.

23 posted on 01/05/2014 7:43:23 AM PST by Mouton (The insurrection laws perpetuate what we have for a government now.)
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To: allendale

Its not the Pope’s to sell and frankly I’d rather have the greatest works of western civilization in a museum instead of some rich oil sheiks bedroom.


24 posted on 01/05/2014 7:45:40 AM PST by escapefromboston (manny ortez: mvp)
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To: All

The rich aren’t job creators anymore than some other person who buys a product or service. The rich don’t pull jobs out of their back pocket out of the kindness of their hearts.


25 posted on 01/05/2014 7:49:28 AM PST by escapefromboston (manny ortez: mvp)
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To: Innovative

RE: It isn’t a sin to be rich

The LOVE OF money is the root of all evil ( 1 Timothy 6:10 )

(Note the Capitalization).

One can love money whether one has it or not.


26 posted on 01/05/2014 8:04:43 AM PST by SeekAndFind
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To: KeyLargo

Actually that raises a point:

I haven’t seen any polls posted recently.

A coincidence?


27 posted on 01/05/2014 8:07:02 AM PST by Cringing Negativism Network (http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: lavaroise
He is pretty much “poor”. Giving free stuff to the poor is not so good. It is like serving a steak to a life long Hindu vegan, it can kill them.

I have to respectfully disagree with you. Had you qualified that statement with something like, "government forcing people to give to those that government considers "poor", is not so good", I could readily agree.

I'm not trying to tell you that you should give to the truly poor, just saying that I am told to by a higher source than the government, that I should do it.

28 posted on 01/05/2014 8:07:02 AM PST by Graybeard58 (_.. ._. .. _. _._ __ ___ ._. . ___ ..._ ._ ._.. _ .. _. .)
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To: lavaroise
As the parable said, who has much or made much, in him much shall be trusted and given

O.K., we're in agreement after all.

29 posted on 01/05/2014 8:08:49 AM PST by Graybeard58 (_.. ._. .. _. _._ __ ___ ._. . ___ ..._ ._ ._.. _ .. _. .)
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To: Innovative
I think most people have no problem with people getting rich from working within a true free enterprise system.

The problem is with Crony Corporatists that get rich either by using Insider connections to rig the system to their benefit or hitch them directly to the public treasury. I am thinking of people like Diane Feinstein, George Soros, or that creep that runs GE. They want to socialize losses and privatize profits.

What we, as people that believe in private property and free enterprise, need to do is make to distinction between free enterprise and crony corporatism and to admit that some rich "capitalists" really are bad people that need to be dealt with.

30 posted on 01/05/2014 8:33:56 AM PST by Count of Monte Fisto (The foundation of modern society is the denial of reality.)
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To: Innovative

Money, having money, etc. is no problem. However, “The LOVE of money” is:

1 Timothy 6:10

For the love of money is a root of all kinds of evils. It is through this craving that some have wandered away from the faith and pierced themselves with many pangs.

Sounds like a lot of libs that I know.


31 posted on 01/05/2014 9:23:19 AM PST by HippyLoggerBiker (Always carry a flagon of whiskey in case of snakebite and furthermore always carry a small snake.)
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To: Innovative

Of course it isn’t a sin to be rich. Just ask John Kerry, Pelosi, Obama, Clinton, Soros...


32 posted on 01/05/2014 10:38:05 AM PST by DPMD
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To: Innovative

It took me time to understand that the saying “the love of money is the root of all evil” this has nothing to do with being rich..if I said “the love of drink or food is the root of all evil” would I be talking about a man with a store that has these things? No..I would be talking about drunks and gluttons. .it the love of consuming just to consume ..the poor can do this and it prevents then from being rich..”money burns a hole in the pocket”
The creation of wealth is good the stewardship of the wealth you create is good..read the parable of the talents...it is the waste. .the love of pissing away money on nothing that is bad..money is seed..let it create


33 posted on 01/05/2014 10:44:46 AM PST by tophat9000 (Are we headed to a Cracker Slacker War?)
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To: Graybeard58

I was trying to refer to the idea that being poor helps look at other values. She gave out of her poverty. The rich cannot mind God, it is easier for a Camel to pass through a needle hole. By making money the issue, we essentialy bribe the poor to, say, think about a nice car instead of caring for a trusted and loyal neighbor. There is an element of betrayal.

This is why I disagree with the Pope on that. Some people choose to be poor, pious and without sexuality because they fear more the corruption thereof. It is like telling a recovering drunk who cannot find money to buy drinks to be given the very money of his own demise.

The poor do not need alms per say but God, ie. The production of life and wealth, not the byproducts. Like He said to the samaritan, I will give you water that you will neber thirst from because it will turn you into an ever flowing fountain of water


34 posted on 01/05/2014 5:19:13 PM PST by lavaroise (A well regulated gun being necessary to the state, the rights of the militia shall not be infringed)
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