Warren Buffutt was asked, after the last housing crisis stock market meltdown, will this ever happen again?
“I can guarantee it,” he replied. “Greed is fun for a while. People can’t resist it…however far human beings have come, we haven’t grown up emotionally at all.”
Warren Buffett, as most readers know, is one of the world’s wealthiest people. He lives a relatively modest life in Omaha. He does not do much moralizing about money, he just waits until others make mistakes with their’s and takes advantage.
I’ve heard material in the Bible attributed to Jesus addresses the evils of too much money more than any other single topic, including sex. Still, conservative people who read the Bible seem to skip over this topic mostly.
Progressive income taxes were not a topic in Biblical times. Redistribution from rich to poor was to be accomplished through generosity. Ronald Reagan seemed to believe it actually could be done voluntarily.
It seems to me higher taxes on the rich would have been something the Jesus character would have supported. In fact, when the social gospel of the Catholic Church was more popular, that was a big part of it.
To me, Warren Buffett is one of our time’s best philosophers. While, he is not at the forfront of income redistribution, he, like Jesus, communicates a time-tested message about the human mind.
That Jesus’ message about money is ignored mostly is, itself, part of the human mind’s ever present reach for greed.