Adam Russell Taylor writes in this week’s SojoMail that the Bible has a lot to say about unjust economic policies:
This week keeps giving me foggy flashbacks to Economics 101: Tariffs are a tax placed on imported goods from foreign countries and paid by consumers. They are notorious for increasing inflation and disproportionately hurting those who can least afford it, particularly working class and low-income folks. Following President Donald Trump’s so-called Liberation Day, on which he imposed hefty tariffs on goods from nearly every country around the world, we saw stock markets around the world plummet, resulting in over $11 trillion in lost wealth. After growing pressure, Trump then caved, temporarily reducing these tariffs for 90 days on countries other than China. In these tumultuous moments, I’m tempted to worry about my own retirement savings — a threat that is especially acute for those nearing retirement. These are real fears. Yet, as Christians, we also must pay attention to those who will feel the most severe impacts of this economic malpractice. |
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