Tag Archives: Bill Gates

The Good News Pope Francis Missed

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Pope Francis's inaugural encyclical celebrated the gospel and excoriated markets. But did he overlook some very good news? [Credit: Telegraph]

Pope Fran­cis’s inau­gur­al encycli­cal cel­e­brat­ed the gospel and exco­ri­at­ed mar­kets. But did he over­look some very good news? [Cred­it: Telegraph]

In writ­ing about the joy of the gospel, Pope Fran­cis over­looked some very good news – about mar­kets, about com­pas­sion, about poverty.

His first encycli­cal (Evan­gelii Gaudi­um, “The Joy of The Gospel”) has drawn atten­tion less for its focus on mis­sions than for its eco­nom­ic pro­nounce­ments. Pres­i­dent Oba­ma favor­ably cit­ed the doc­u­ment in his recent remarks on eco­nom­ic mobil­i­ty, while some con­ser­v­a­tive com­men­ta­tors have offered up harsh crit­i­cisms. Con­tin­ue read­ing →

Could A Wealth Tax Solve the Problem of Government Debt?

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A recent IMF report suggests that this man's enormous wealth might help resolve the government's debt problem. [Credit: NY Post]

A recent IMF report sug­gests that this man’s enor­mous wealth might help resolve the gov­ern­men­t’s debt prob­lem. [Cred­it: NY Post]

The Inter­na­tion­al Mon­e­tary Fund (IMF) recent­ly report­ed that Euro­pean gov­ern­ments could reduce their debt back to pre-Great Reces­sion lev­els by con­fis­cat­ing 10 per­cent of the wealth held by their rich­est cit­i­zens. IMF isn’t rec­om­mend­ing that, of course.

They’re just sayin’. Con­tin­ue read­ing →