Faith-based Economics

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Going beyond Trickle-down Economics, Faith-based Economics baptises and sanctifies Voodoo Economics with the currently politically useful glory of God.

Faith-based Economics is the financial glue holding together the Unholy Alliance of economically and ecologically rapacious industrialists with middle class and disadvantaged white Evangelical Christians. It promises several things:

  • The Supply-side theory that cutting taxes and regulations on business will stimulate economic development to the extent that it trickles down to the working class while retaining the tax base.
  • Wealthy individuals, who already pay far less share of their income in sales, excise, property, and other taxes, will also be able to pay far less in income tax, which they already can afford numerous mechanisms to avoid.
  • The commonly held fantasy of the disadvantaged that by supporting the wealthy they will be favored by them and perhaps even become them, leveraging their shared race and religion. See Ownership Society.
  • The perception that those promulgating these policies are God-fearing Christians and therefore must be good people and have the needs of the working class at heart.
  • The belief that voting against one's own financial interest is a strong affirmation of one's religious faith, and that such sacrifices will be rewarded during rapture.

(To be added later: The eventual failure of Faith-based Economics was a critical factor in triggering the Re-enlightenment in the early part of the 21st Century that reaffirmed the necessity of separation of church and state in the popular consciousness.)

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