The Christian Economist by Dave Arnott

The IRS Targets the Proletariat


Listen Later

The IRS is getting 87,000 new agents.  It would take only 25,000 to audit every millionaire, and the bottom 57% pay no taxes.  They will target the middle class.
 
The terribly misnamed Inflation Reduction Act contained an $80 billion increase in the IRS budget.  
The IRS says they will hire 87,000 new agents with the money.  In defense of those hirings, they claim they will increase government revenue by $204 billion.  As I often say in the classroom, “on the other hand…” you could properly say they hope to remove $204 billion from the productive sector of the economy.  In economics we often use the phrase “opportunity cost.”  We want to know where that $204 billion would be if the IRS did not extract it from the productive part of society. 
The purpose of taxing is to maintain a civil society in a fallen world.  One of my fellow Christian economists, Art Lindsley says it this way, “The government should punish evil but not do good.  The church should do good, but not punish evil.”  If the $204 billion is being used to punish evil, Christians would be pleased about it.  But, it’s not.  Remember, it’s the government, not the "givernment."  Their role is to govern.  But instead of governing, the money will be used to perform the federal government’s view of good.  For more on that, take a listen to podcast #69 titled, Who Cares?
So, if the church’s purpose is to “do good,” how does your church increase revenue?  When’s the last time your church hired more “fund-raisers?”  Uh-huh, just what I thought.  Your church operates by free-will giving, not by forcibly extracting revenue from its parishioners.  It seems like your church is raising money the right way, don’t you think?  Isn’t society better when we reduce the use of power?
In I Samuel 8, the Israelites asked Samuel to appoint a King.  Apparently, they wanted to be just like the other countries.  Samuel warned them that a King would take their sons and make them serve in the army.  He continued his warning in verse 16: “ Your male and female servants and the best of your cattle[c] and donkeys he will take for his own use. He will take a tenth of your flocks, and you yourselves will become his slaves. When that day comes, you will cry out for relief from the king you have chosen, but the Lord will not answer you in that day.”  Seems like that’s what’s happening, when the IRS takes 87,000 of the best workers out of the productive economy. 
 
Three Buckets
OK, let’s make this simple.  Money can go only three places: Saving, spending, or taxes.  We’ll include giving in the spending bucket for simplicity’s sake.  Saving is the best place for your money, because it lowers the interest rate and encourages the development of the economy.  It happens to be Biblical also.  Spending is the second-best place, because the money gets multiplied throughout the economy.  If you buy a new dress, the shop pays rent and labor and the supplier of the dress.  They, in turn, pay their rent, employees, etc, and the money gets multiplied.  Taxes is the worst bucket.  As mentioned earlier, it gets diverted from the other two buckets and put into the “protection” economy.  Here’s what I mean by that.  Police and accountants consume wealth, they don’t create it.  They consume value that is created by others.  We need police and accountants – and you can add IRS agents in that mix – because we live in a fallen world.  But the less we spend on them, the richer we all become.  Keeping money in the value creating system,
...more
View all episodesView all episodes
Download on the App Store

The Christian Economist by Dave ArnottBy Dunham+Company

  • 5
  • 5
  • 5
  • 5
  • 5

5

4 ratings


More shows like The Christian Economist by Dave Arnott

View all
The Cause+Effect Podcast by Dunham+Company Podcast Network

The Cause+Effect Podcast

42 Listeners

Real Truth Real Love Real Hope with Jeff Schreve by Dunham+Company Podcast Network

Real Truth Real Love Real Hope with Jeff Schreve

34 Listeners

Inside Grace with Alan Wright by Alan Wright

Inside Grace with Alan Wright

13 Listeners

Leading The Heart Way with Kevin Herrin by Dunham+Company Podcast Network

Leading The Heart Way with Kevin Herrin

14 Listeners

Decisions: A Dunham+Company Podcast by Dunham+Company Podcast Network

Decisions: A Dunham+Company Podcast

9 Listeners

Life in the Overflow with Pastor Michele by Dunham+Company Podcast Network

Life in the Overflow with Pastor Michele

4 Listeners

Mindset with Mike Schutt by Worldview Academy

Mindset with Mike Schutt

30 Listeners

It Matters with Esther and Elizabeth by Dunham+Company

It Matters with Esther and Elizabeth

94 Listeners

Meaningful Moments with Senior Living Ministries by Dunham+Company Podcast Network

Meaningful Moments with Senior Living Ministries

17 Listeners

The Way Home with Dan Darling by Dunham+Company

The Way Home with Dan Darling

0 Listeners

REvangelical: Rethinking Christian Living by Danny Forshee

REvangelical: Rethinking Christian Living

0 Listeners

The Christian Surfers Podcast by Christian Surfers International

The Christian Surfers Podcast

0 Listeners

The Grace Message with Dr. Andrew Farley by Dr. Andrew Farley

The Grace Message with Dr. Andrew Farley

278 Listeners

Man Enough to Forgive by Dunham+Company Podcast Network

Man Enough to Forgive

10 Listeners

Step Up with Chris Kouba by Dunham+Company Podcast Network

Step Up with Chris Kouba

96 Listeners

Taboo Questions With Pastor Mike Novotny by Time of Grace Ministry

Taboo Questions With Pastor Mike Novotny

28 Listeners

Little Things With Amber Albee Swenson by Time of Grace Ministry

Little Things With Amber Albee Swenson

162 Listeners

Bible Threads With Dr. Bruce Becker by Time of Grace Ministry

Bible Threads With Dr. Bruce Becker

56 Listeners

The Nonmicrowaved Truth With C.L. Whiteside by C.L. Whiteside, Time of Grace Ministry

The Nonmicrowaved Truth With C.L. Whiteside

127 Listeners