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Saturday, July 27, 2013


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  • Social progress comes with the accumulation and development of wealth. Wealth comes, in a free economy, as a product of work and thift - in short, of character. Capital is often accumulated by inheritance, a God-given right which is strongly stressed in the Bible. According to Proverbs 13:22, "A good man leaveth an inheritance to his children's children: and the wealth of the sinner is laid up for the just." Inheritance makes possible the accumulation not only of wealth within a family but of social power. Power is inescapable in any social order: it can either be concentrated in the state, or it can be allowed to flourish wherever ability makes it possible among the people. This decentralized wealth means also decentralized and independent power. Instead of a concentration of power in the state, there is instead a decentralization of power which moves in terms of varying and independent goals. Again, in a free economy, property is freed from the restrictions of the state because it is under the restrictions of the family and of a religiously oriented community. In biblical law, there is no property tax, which means a basic and inalienable social security in the family and in property. The security of a man in his property, and in his inheritance, means a stability in the social order which is productive of progress.
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