Social-justice warriors, including affluent leftists and their media promoters, give the impression that the problem of poverty is soluble by deficit spending in hopes of sooner or later “soaking the rich.” According to Father Jerry Pokorsky, pastor of St. Michael the Archangel Church in Annandale, someone stands to get soaked sooner or later, all right, but it may not necessarily be the rich.
. . . Frankly, I do not place much hope in the financial geniuses. If the experts cannot agree on the obvious humanity of an unborn baby, what makes us think they will get financial realities right? I hope there isn’t a major financial collapse but some experts do not rule that out. My guess – and perhaps best-case scenario — is that there will be rampant inflation in the years ahead because our politicians (and our tone deaf religious leaders) haven’t paid attention to massive government budget deficits and runaway spending.
But inflation is often called “the cruelest tax,” because it affects poor people more than rich people. Could this the reason very wealthy people like George Soros, Bill Gates, and Warren Buffett support big-spending politicians?
Somehow it continues to be easy to support big spending as a “social justice” issue, especially by the clergy. But isn’t it high time for social justice advocates to put the mundane – nay, grim and catastrophic and irresponsible — business of the national debt and the evils of deficit spending on the table precisely in the name of “social justice”?