Headlines from the New York Times for Friday, November 10, 2017
Republicans Wonder How to Make the Rich Richer
As it stands now, the proposed House tax bill would give the undeserving rich — legatees who will inherit multimillion dollar estates — a $172.2 billion tax break over the next ten years. In doing so, the measure would further entrench the super rich, a class that in recent years has acquired a growing share of both income and wealth.
Conservative estimates published by the Brookings Institution show that from 1992 to 2013, the share of wealth held by the top 1 percent rose from 27 percent to 32 percent, and their share of income swelled from 12 to 18 percent. Looking at a century of data in “Wealth Inequality in the United States since 1913,” the economists Emmanuel Saez and Gabriel Zucman found that the share of household wealth held by the top 0.1 percent recently climbed back over 20 percent, a figure it hadn’t reached since the 1930s.
Readings from Proverbs for Friday, November 10, 2017
One of the most dangerous things in life is to walk right up to the truth, to see it, and to turn away from it in self-will. We are living in an age where it appears that society at large has chosen self-will over loving God with our whole being. We are headed on a course where we will have to “eat the fruit” of our own ways.
Proverbs 1.28-31 – “Then they will call to me but I will not answer; they will look for me but will not find me, since they hated knowledge and did not choose to fear the Lord. Since they would not accept my advice and spurned my rebuke, they will eat the fruit of their ways and be filled with the fruit of their schemes.”
Prayers for Friday, November 10, 2017
Dear God, please rescue this generation from our collective self-will.