Another item for Dave Ramsey’s list of what rich people do that poor people don’t do

dave_avatarDave Ramsey recently posted on his blog a list of 20 things that rich people do that poor people don’t do (the idea being that poor people are to blame for their poverty). Among the list were that rich people write down their goals, read books, make their kids volunteer, teach good daily success habits to their children, etc. Well, I was reading through my dad’s Economist magazine last night and I found a 21st item to put on Dave’s list. Apparently it’s a growing trend for really rich people to buy expensive artwork, and, instead of hanging it up in their homes, store it in giant, tax-free warehouses in places like Luxembourg to use as investment currency instead of stocks or bonds. Continue reading

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David Brooks on America’s abandonment of #Biblical values

In David Brooks’ New York Times Thursday column, he shares the story of Walter Judd, who paid his way through college at the beginning of the 20th century by washing dishes. His father had refused to pay his tuition since he thought that the manual labor would be good for his character. Brooks shares that “people then were more likely to assume that jobs at the bottom of the status ladder were ennobling and that jobs at the top were morally perilous” since they presumed that “the working classes were self-controlled, while the rich and the professionals could get away with things.” He writes that today our values are the opposite: wealth is applauded as the evidence of hard work, while poverty is presumed to be the product of laziness or immorality. Brooks attributes this shift to an abandonment of Biblical values in our culture. Continue reading