Economics

Six days you shall labour and do all your work….” – Exodus 20:9

Our labour, and how we spend our finances, can function as an important part of fulfilling our cultural mandate. In Genesis 1 God commanded us to develop the earth and rule over it. We work to glorify God – not just to put food on the table. Our work, finances, and all material possessions come from God and are meant to be directed towards Him.

 
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16 Feb 2010 Canadian Households Sinking Further Into Debt: Study

National Post, Feb 16, 2010: The study showed the average Canadian household debt climbed to $96,100, creating a debt-to-income ratio of 145 per cent in 2009, the highest it has ever been. "Under this scenario, some 1.3 million households could have a vulnerable or dangerously high debt service load by 2011," the report stated. [Read the full story here.]...

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23 Oct 2009 CMHC bubble is 100% made in Canada

ARPA Note: We are looking for insight and feedback about the issue below and the broader topic of applying our Christian worldview to the current financial situation. Please email [email protected] with your comments, thoughts, or suggestions of who would be good to speak to this. Diane Francis, Financial Post  Published: Thursday, October 22, 2009 -...

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19 Jan 2009 The Case for a Balanced Budget

By Kevin Gaudet, Canadian Tax Payers FederationAs the Harper government prepares to take Canada back into substantial multi-year deficits, the Prime Minister should be mindful of advice from the famous French philosopher Blaise Pascal.  He wrote: “In each action we must look beyond the action at our past, present, and future state, and at others whom it affects, and see the relations of all those things. And then we shall be very cautious.”   A look at the past, present and future of government spending, deficit financing and their impact reveals...

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20 Nov 2008 What’s Good for GM: No Bailout

Chuck Colson's Breakpoint Commentary, November 20, 2008 Imagine if the parable of the Prodigal Son went something like this: After wasting his inheritance, the son returns to the father. But instead of repenting and asking the father to take him back as a slave, the son says, “Dad, I’ve made a mess of things. Could you spot me some cash so I can get out of this hole?” Well, essentially, that’s what the Big Three automakers and the United Auto Workers are doing...

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12 Dec 2007 Two Tales of Trade for Teens

by Jon DykstraAs Christians we know that man is prone to all sorts of evil, but we often forget that man is also prone to all sorts of stupidity. Much damage is done by well meaning people who embrace a bad cause – they aren’t trying to do evil, just the opposite in fact, but evil is done because these “good” people are acting out of their ignorance. In Economics this well meant ignorance has often caused serious harm. For example, most of us would be against any sort of child labor. We abhor child labor, especially when the alternative is sending these same kids to school instead. But when the compassionate campaign against child labor moved Nike and Reebok to close plants in Pakistan and lay off 50,000 child workers in Bangladesh, these children didn’t go to school instead. The reason they were working in the first place was because they needed the very basics of life, so when they were laid off, thousands turned to prostitution, crime or simply starved to death.[1]
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24 Oct 2007 Income Splitting – A Good Idea for Families

By Marvin Van Maanen Currently in Canada, all wage earners are taxed as individuals. Canada has a progressive income tax system. As one’s income increases, they move up the ladder to a higher tax bracket, allowing the government to take a larger percentage of their income. This current system is biased against single-income families and biased towards dual-income families. For example, a family in which one spouse works and brings home $70,000, and the other spouse stays home to care for the family will pay almost $1700 more in 2007 than a family in which both spouses work and bring in $35,000 each. In both cases, the total family income is the same, yet one family pays significantly more in federal taxes yearly.
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19 Oct 2007 Labour Relations in a Christian Framework

By Aren van dyke (for the Surrey/Cloverdale ARPA Alert) Having spent most of my working life as an employer but still keenly recalling my time as an employee, I have always had a great interest in how to find an equitable balance in that delicate and always shifting relationship which is to be found in the workplace. Only perhaps in the marriage relationship is there a greater potential for trouble and strife, and conversely also fulfillment, in our human interactions. The present strife, which surrounds us in the secular work place where employee and employer often square off against each other in a struggle for power, also leaves its imprint upon our attitudes. When people, who are committed Christians, deal with each other in labour relations, there we to often find discord, bitterness, and frustration. The words of Genesis 3vs.17, "cursed is the ground because of you, through painful toil you will eat of it all the days of your life" point to the harsh reality that sin introduced into the arena of work. I believe it is possible to find harmony. In order to find this harmony, I will attempt to focus on what Scripture has to say about our labour and its purpose in our life. My intention is to involve situations, which speak to all of us, and it is my hope that this article will lead to a better understanding of an often confused and bitter situation.
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