A Call for Truly Radical Wealth Redistribution
- Matt Bell SoundMindInvesting.com
- 2011 21 Nov
Read Part I of this two-part series: let's occupy our own streets.
Of all the issues swirling around the Occupy Wall Street protests, the one that seems to have struck the most sensitive nerve is financial inequality. It prompted one writer, whose article appeared in the wall street journal, to accuse the protesters of calling for “radical wealth redistribution.”
He didn’t define what he meant by “radical,” but you could sense his outrage over the idea of wealth redistribution and his disdain for the protesters.
The problem is, no one is defining their terms very well – the protesters or those protesting what they think the protesters are protesting.
Wealth Redistribution Done Right
At first glance, I don’t believe in “wealth redistribution” either, at least not forced wealth redistribution. The idea is an opportunity and initiative killer.
However, I do believe in the type promoted by a small group of “radicals” a couple of thousand years ago.
Far too many of us are doing far too little in this area. generosity research shows that the average church member gives less than three percent of his or her income to their church – far lower than the biblical standard of “tithes and offerings.”
Could it be that the solution isn’t “out there” somewhere, but closer to home? Could it be that the most significant reform needed isn’t on Wall Street or in Washington, but in our own hearts, our own relationships, and our own wallets?
What if we didn’t wait for someone else to help – the government, social service agencies, the church? What if each of us generously supported our place of worship and gave generously to individuals in need? Now that would be radical.
What if we actually told our close friends and family members when we had needs instead of keeping our problems to ourselves out of fear of embarrassment or not wanting to be a burden? Now that would be radical.
And to the degree that the government can play a role this area, what if our political leaders came up with ideas and cast a vision for increased individual generosity, instead of spending time on ideas destined to reducepeople’s charitable giving? Now that would be radical.
Being the Change We Want to See
The more I think about the Occupy Wall Street protests, the more it seems that the issues all come down to one question: Who’s responsible?
And I can’t help but remember the research of Arthur Brooks, author of “Who Really Cares.” He found that people who believe the government should do more for people tend to be less personally generous.
That’s incredibly ironic, isn’t it? And, as John Stossel discovered in an abc news segment on who gives the most, it’s counterintuitive.
Many corporate and government leaders have contributed to our global economic mess. That’s for sure. However, as I wrote in my first post about the Occupy Wall Street Movement, let’s occupy our own streets, our best hope for long-term economic solutions is for us – household by household – to take personal responsibility do the right things. And one of those right things is greater personal generosity.
Those of us who step up our generosity would very likely experience more joy. And those who receive from friends and family members would very likely benefit more as well. If it’s your friend or neighbor who’s helping you out, you’re not going to feel entitled to that assistance, become dependent on it, or take to the streets when the assistance ends. You’re going to be deeply grateful, and you’re going to do all that you can to become self-sufficient again as quickly as possible.
I’d like to see more corporate leaders manage their businesses with integrity, and I’d like to see a lot more vision and much better ideas from our political leaders. However, I’m convinced that the greatest lasting changes will only come about when we make the right changes at home, such as growing in our personal generosity.
That’s my point of view. What’s yours? Let me know by leaving a comment.
Matt Bell is the author of three personal finance books published by NavPress, including the brand new "Money & Marriage: A Complete Guide for Engaged and Newly Married Couples." He teaches a wide variety of workshops at churches, conferences, universities, and other venues throughout the country. To learn more about his work and subscribe to his blog, go to: www.mattaboutmoney.com.