Biblical Portfolio Diversification

Here’s a discussion on the pros of diversifying your portfolio, a concept that finds its roots in the Bible.
“But divide your investments among many places, for you do not know what risks might lie ahead” (Ecclesiastes 11:2, NLT). Risks are really part of everything we do, and we should not be crippled by the fear [...]

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Does Anyone In DC Pay Their Taxes? - Part 5

Here’s the latest DC leader with tax troubles. The LA Times quotes a Bloomberg investigation into California Congressman Pete Stark – a senior House Democrat who helps write the nation’s tax laws. The State of Maryland is now launching an investigation into Stark who:
has been claiming a $1.7 million Maryland home as his principal residence in recent years, [...]

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Highlights of Our Featured Interview: Rabbi Shmuley Boteach

Rabbi Shmuley Boteach spoke with BiblEconomy about the roots of the financial crisis and how we transcend it.
“The collapse of our economy was caused not by an economic crisis but a spiritual crisis called greed, where you become voracious and insatiable. I believe that the Jewish community, and the Jewish religion has unique values that need [...]

“It doesn’t pay to be greedy and rob God”

In this Letter to the Editor of the Pocono Record, the Rev. Marilyn Smith cites the experiences of Abraham and Jacob to argue for tithing even in tough times:
If we can’t be faithful giving God 10 percent of our little, why would God give us more?

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Bibles for PA Lawmakers

The Washington Post/On Faith section tells us about one taxpayer-funded program raising questions about church-state separation. Though the paper reports that in this case:
As unconstitutional, tax-funded, faith-based initiatives go, this one is relatively neutral and inexpensive.
This decades-old tradition allows the 228 Pennsylvania state legislators to choose from a wide-variety of holy books ranging in price from $30-$90. [...]

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The Way You Judge Others is the Way You Will Be Judged

Here’s the latest twist on administration officials/nominees with tax problems.
Treasury Secretary Timothy Geithner, who was forced to fork up $34,000 in unpaid back taxes, told the House Ways and Means Committee Tuesday that the Obama administration will be going after people who avoid and evade taxes. In prepared remarks before Congress, he said the president [...]

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Behavior Modification or Forgiveness?

In his Washington Post/On Faith column, “Our Brothers’ Keepers, Not their Guarantors,” Rabbi Brad Hirschfield cites the Cain and Abel story to support bailing out even those who behaved irresponsibly, offering a different take than this famous TV clip arguing the government’s subsidy of “losers’ mortgages” promotes bad behavior.
When God asks him where his brother is, Cain [...]

Does Anyone in DC Pay Their Taxes?

Now a fourth Obama administration nominee with tax troubles.
This time, it’s Ron Kirk, the president’s choice to be U.S. trade representative. Kirk owes an estimated $10,000 in back taxes from earlier in the decade and has agreed to pay them, the Senate Finance Committee said Monday.
Remember this good lesson for public officials from Abraham in Genesis: even [...]

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Taxation Without Representation: Bible Edition

Pharaoh’s famine policy — besides teaching us about nationalization of assets and urbanization  — constitutes an ancient precedent that to this day hasn’t changed much: a government is never quick to reduce the tax burden even when the crisis ends.
Pharaoh’s famine tax remained in effect, even after the seven years of famine were over. Joseph — the [...]

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Government’s Perpetual Expansion

A new Huffington Post column by Alan Schram discussing Obama’s colossal federal expenditures and the taxes they portend are remeniscient of the permanence of ancient Egypt’s tax policy described in Genesis.
Once government is on the advance, it rarely yields its power and authority, and it will be exceedingly difficult to cut back expenses. So either taxes [...]

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