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  Long and Short Term Theory of Redistribution - Economics for Everlasting Life [Chapter 7]
  

VII. The Rule of Biblical Economics

In order to adapt the Biblical economic system, we must first understand its guidelines. It is important to take into account the changed economic and historical contexts. But if we extract and establish the core ideas, it becomes possible to apply it to modern economics. In other words, it is imperative to understand the fundamental rules of biblical economics.

God commanded to refrain from eating pork, but to Peter it became a holy commandment. It is important to collect taxes, but more so how the money will be spent. Henry George emphasized this point.

What is tithing? In today¡¯s terms, it can be considered a form of a tax. The Levites did not own land, but served in public welfare, so the fund was used to support them. Therefore, it can be said that paying taxes is not a punishment, but a necessary tradition in order to upkeep the political system of our country.

Every three years, the tithe was used for the poor, the homeless, and social outcasts. There was funding set aside for social security. Like the tithe, there must be funding from set aside to help the destitute even if they cannot give back to society.

Every seven years was the year of exemption where all debt was erased. This is not a moral issue; it is an economic issue. God is directly involved in our issue of finances.

This was also the year of rest. The land was allowed to rest on this year. If the land is resting, so are the people. The priority is not to work the land as much as possible, but also to give rest to both the people and the land to focus on what is really important.

The five-days-a-week work system and the sabbatical system should also become adopted.

Jubilee is the year of land redistribution. The principle was to give land proportional to the means of production. Those who have more land than they can work have their land redistributed to those without. It is the year where those who do not have their share receive it. And most importantly, their descendants continued to follow this tradition. The 50-year-cycle is closely related to years of human lifespan and labor capacity. This is why God commanded Jubilee to be held every 50 years.

What is currently the most important element of production? Land and capital are still important, but the most important of all is labor. As we continue to move towards the era of knowledge-based industries, the more value is added to skilled labor. Then how can we fairly redistribute the means of production for knowledge-based industries? Equal opportunity for education.
2018-06-05 16:27:49


     
  

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