Excessive wealth isn’t good for anybody, unless it’s used for good for everybody.
Despite some recent economic good news—the unemployment rate is dropping and the economy as a whole has been growing for a while now—plenty of people in America have reason to worry about money. Fifteen percent of the nations live below the poverty line. Nearly 48 million people receive food stamps. The median household income has decreased in recent years, settling just above $50,000. (Data from The Nation’s Economy, This Side of the Recession.)
Meanwhile, the rich are getting richer. According to Chris Matthews of Fortune magazine, “in America, the wealthiest 160,000 families own as much wealth as the poorest 145 million families.” It’s been in the news countless times—the top one percent of households controls a disproportionate share of wealth in the United States, and that share has only increased in recent years.
That wealth poses problems for everyone, including the wealthy. Michael Lewis, writing for The New Republic, describes the negative effect of wealth on the moral behavior of wealthy people. He sites studies in which wealthy people, again and again, demonstrate a sense of entitlement and disregard for justice: drivers of expensive cars disregard pedestrians …read more
Source:: Christianity Today