The reason why their ideas have not worked is because their proposed solutions lack pure altruistic motives.
Therefore, we submit to you a concept straight from the Bible that is most likely foreign to many because it beseeches humanity to deny self for the greater good of society. This concept is outlined in Leviticus 25:10-14.
For those who are unfamiliar with Scripture, we will gladly paraphrase it for you: “The 50th year shall be holy … a year of jubilee, liberty … where every man’s possession shall be returned to him.”
In essence, God’s stimulus and economic relief package involves a year of liberty when every person is released from his or her debts at least once in his or her lifetime. Wow, what a concept! What would that do to the economy if everyone was released from mortgages, student loans, credit cards, car loans, medical payments, etc.? What would happen if businesses were released from their debts and the government was released from its debt?
Everyone would have a fresh start with the funds they currently have.
Instituting a year of jubilee would expand our economy in ways beyond comprehension. At least God, the maker and creator of the universe, believed that such a concept would boost the economy. It has been mankind’s greed that has prevented the continuation of this practice. However, if we would relinquish our greed by randomly instituting a year of jubilee every 50 years, perhaps we would have the divine solution that everyone is hoping will restore our financial health.
Bob Hamlin and Shaunda Tucker
North Augusta, S.C.