ECONOMICS ANALYSIS ESSAY
For this assignment, you will write a 2–3-page paper providing at least 1 example of how government has overstepped biblical principles in some form of economic policy.
Options include the following topics:
• A specific piece of legislation relating to business regulation or taxation.
• The “party platform” of either the Republican Party or the Democratic Party (or both).
• The role of the Federal Reserve.
• The budget process.
How government has overstepped biblical principles in some form of economic policy
Christians in every corner of the world are known to observe strict rules in their based on the laws, rules, and regulations on the Bible. Through some biblical principles, God can convey to humankind how they should live and to Christians, these principles present a progressive maturity in faith. These biblical principles are usually integrated into the fabric of human beings and nature so that all individuals can understand the plans that God has for us. However, more often humankind overstep the biblical principles in their daily lives as they struggle and strive to fulfill their dreams and satisfy their ever-growing desires and needs. On the other hand, the budget process is the procedure by which governments, organizations, and individuals create and approve an estimate of income and expenditure for a set period of time (Ott, 2010). In one way or another, through the process individuals violates biblical principles. This paper seeks to show how budget process oversteps some of the biblical principles.
Biblical principles are drawn from both old and new testaments that present guidelines that should oversee that humankind live in the ways of righteousness as the Bible says. One of the biblical principles that are widely violated during the budgeting process is the principle of poverty. According to the Bible, Jesus was not a fun of wealth and in more than one instant he tried to show how the rich will not see the heavenly kingdom due to their crooked ways. According to the Bible, there is one instance that he said that it is easier for a camel to pass through the eye of the needle than for a rich person to enter the kingdom of God. Moreover, he also encouraged a rich ruler to sell everything and give it to the poor (Ott, 2010). These events clearly show that Jesus was against the human behavior of piling a mountain of wealth while others live poverty-stricken lives. He went ahead to declare that it is prudent not to store treasures for ourselves on earth.
On the other hand, the budget process helps organizations and individuals create and manage a financial plan that is meant to last for some time. During the personal budget process, an individual is supposed to gather all the amount of money he has and create a plan that is meant to ensure that the cash and income he has satisfies all his needs (Wehner, 2010). At times, the income is not enough and individuals go ahead to borrow funds from other individuals and financial institutions to fulfill their desires. At the end of the day, the budget process involves storage of cash and other monetary materials to be used in foreseeable future.
From the discussion above, it is easy to identify overstepping and violation of the poverty principle. According to the biblical teachings, it is wrong for an individual to think solely of themselves while forgetting the wellbeing of other people. As a result, they should not store their wealth and money, but they should share it with the less fortunate in the society. Thus, instead of making a budget, these individuals should share what they have with the poor and wait upon the Lord to take care of their wellbeing in the future. However, considering the unfaithful of human nature, they have to store for the future in the fear that the future is predictable, and anything can happen. This fear leads to overstepping of some of the biblical principles.
Ott, C. &. (2010). Global church planting: Biblical principles and best practices for multiplication. . Baker Books.
Wehner, J. (2010). Legislatures and the budget process: the myth of fiscal control. Palgrave Macmillan.