Krieg Barrie

Money like magic

Economy | Venezuela, here we come?
by Marvin Olasky
Posted 5/09/19, 12:30 pm

Pierre Omidyar had the Midas touch. In 1995 he founded what became eBay. I don’t doubt that Omidyar worked hard, but his $11 billion fortune may be a case (compared to the typical toiler) of easy come, easy more—and that may mean trouble for the rest of us.

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Krieg Barrie

Playing with ‘FIRE’

Money | Extra-early retirement has become a new financial fad
by Collin Garbarino
Posted 3/28/19, 03:01 pm

The Protestant Reformation taught us that “vocation”—a calling from God—belongs to all Christians, not just clergy. Often this vocation expresses itself in our work, and in the last few years Gene Edward Veith, Tim Keller, and others have written books that help Christians develop a theology of work and vocation. At the same time, another movement has spread in America with a different perspective on work. Its followers call it FIRE.

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Photo illustration: Krieg Barrie; Paul Sancya/AP; John Locher/AP; Jose Luis Magana/AP

Not enough plunder

Money | Taking from the rich still won’t pay for Democrats’ dream programs
by Stephen Patton
Posted 3/28/19, 02:58 pm

As April 15, income tax day, approaches, Congressional Democrats are proposing significant increases in taxes to fund new programs. U.S. Rep. Alexandria Ocasio-Cortez, D-N.Y., has proposed a 70 percent federal income tax on incomes above $10 million. Other Democrats have proposed similar levies. Proposals such as providing Medicare for all and the Green New Deal would require significant new expenditures and revenue to support them.

Is it really possible to tax the rich to fund fully such new initiatives?

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