Wall Street investor: Almighty not happy with thievery of socialism

Tuesday, August 25, 2020
 | 
Steve Jordahl (OneNewsNow.com)

cash registerCapitalism is biblical and the left-wing naysayers who claim otherwise should be ignored, says a 40-year veteran of Wall Street.

That is what Charles Mizrahi, editor of Alpha Investor Report, writes in a column for Real Clear Religion.

"Dating all the way back to Abraham," he writes, "wealth and prosperity were signs of blessings from God. That theme continued throughout the Bible with Isaac, Jacob, and Solomon all achieving wealth that was considered a clear indicator of divine favor."

Mizrahi, a senior analyst at Banyan Hill Publishing, tells OneNewsNow that Biblical capitalism works because the Bible commands those with means to be generous to those in need. He points out 70 percent of all charitable giving in the U.S. flows from willing individuals, which lines up the biblical mandate to help your neighbors.

'Yes, we're open" sign“In passages throughout the Bible,” says Mizrahi, “you see God described as generous and giving, not just to those whom He blesses, but for those who couldn't help themselves: the resident alien, the widow, the orphan."

As far as socialism and communism, the money expert predicts they always end up in the "dustbin of history" in failed countries where they are tried.

"They just don't work," he says. "Could you point me to one country where that worked?"

One example is Cuba, where the Castro family has done quite well in a nation enduring poverty where the average salary is $30 a month. 

 

Comments

We moderate all reader comments, usually within 24 hours of posting (longer on weekends). Please limit your comment to 300 words or less and ensure it addresses the article - NOT another reader's comments. Comments that contain a link (URL), an inordinate number of words in ALL CAPS, rude remarks directed at other readers, or profanity/vulgarity will not be approved. More details

SIGN UP FOR OUR DAILY NEWS BRIEF

FEATURED PODCAST

VOTE IN OUR POLL

What are the most likely long-term effects resulting from higher gov't unemployment benefits?

CAST YOUR VOTE

GET PUSH NOTIFICATIONS

SUBSCRIBE

LATEST AP HEADLINES

China cancels flights, moves ships as typhoon approaches
UN experts: Africa became hardest hit by terrorism this year
Search for bodies concludes at Florida condo collapse site
Small flotilla leaves Miami to show support for Cuban people
Noem to headline GOP event in early-voting South Carolina
Biden admin wants case dropped against Chinese researcher

LATEST FROM THE WEB

America First Legal group sees early wins against Biden admin as it readies to push back on CRT
DOJ won't investigate 2020 nursing home orders in New York, other states
Rep. McCarthy could remove Rep. Cheney from key committee
Democrats' shameful hypocrisy on COVID
Segregation returns! Unvaxxed students threatened, harassed

CARTOON OF THE DAY

Cartoon of the Day
NEXT STORY
Israel-UAE deal prospers Arab nations, world

Benjamin NetanyahuThe recent Israel-UAE deal is predicted to bring great economic benefits to the Middle East and be “good for the world."