Sunday, June 9, 2019

Sunday/Pentecost

I saw the different things you did,
But always you yourself you hid.
I felt you push, I heard you call,
I could not see yourself at all--Robert Louis Stevenson "The Wind"


Went to Trivia last night at the PGC. Weez Kay has an unnatural ability at trivia.
I was listening to a guy read an editorial on the radio while I was in the car and the editorial popped up on my phone.
There is an alligator in Carrick.

The estimates of the tax increase in taxes in the SECURE act is 15 trillion dollars. This is the biggest tax increase in history. 
There is little criticism I could find but this is one, from some guy named Moon: “The real purpose of the bill is to make it much easier to sell annuities within 401k plans. Period. It is a piece of insurance company legislation jokingly masquerading as something to help the little guy,” Moon writes. “In reality, it does the exact opposite. It makes the least sophisticated investors more susceptible to some of the most expensive, complex and illiquid financial products ever created.” Moon continues “The insurance industry even managed to have the bill require (yes, require) plan sponsors to essentially include an annuity advertisement in annual participant statements,” Moon writes. “This ‘lifetime income disclosure’ would project how much money a person might receive if he moved all his 401k assets into an annuity. The bill also provides legal protection for employers if (Surprise! Surprise!) those projections prove to be overly optimistic.”
While the Consumer Federation of America has kept quiet on the SECURE Act, AARP is a supporter.
Nobel Laureate Friedrich Hayek’s last book is titled “The Fatal Conceit: The Errors of Socialism.” Hayek’s focus was on institutions—customs, traditions, rules of law, and government—that sustain life and promote prosperity. Always showing a deep understanding of and respect for human nature, as well as an appreciation for evolutionary forces that affect all aspects of human life, he saw most features of society as having emerged spontaneously, not as the result of grand plans or designs. Millions of individuals making countless, largely rational and unnoticed decisions are the ones truly steering the ship.  
The title of his book reflects a common self-delusion: the conceit that causes us to believe that mankind’s most profound problems can be solved if an assembly of the brightest and best—the “right ones”—are brought to Washington to devise a detailed, top-down plan to be implemented with the force of law. (yandle)

Substitutes are one of Porter's 5 Forces—the others being competition, new entrants into the industry, the power of suppliers, and the power of customers. "Beef, chicken and potatoes" is a famous example in economics as 'Substitution," where the scarcity of one results in increase in use of the other.


                                       Pentecost

Today is Pentecost:

"Peace be with you.
As the Father has sent me, so I send you."

And when he had said this, he breathed on them and said to them,
"Receive the Holy Spirit.
Whose sins you forgive are forgiven them,
and whose sins you retain are retained."

This is the declaration and the charge of Pentecost, really the beginning of the organized Christian Church.

"Pentecost" literally means 50th. It is of Old Testament origin, a feast celebrated on the 50th day after the Passover feast by the Jews, and it is a feast celebrated on the 50th day after the feast of the Resurrection of Jesus by the Christians. The Jewish Pentecost was originally a post-harvest thanksgiving feast. In early England, because of its association with baptisms and the white garments, it became "Whit Sunday."

The agent of this event, the agent that infuses spiritual and evangelical life into the apostles and the subsequent Church, is The Holy Spirit--a happy improvement of The Holy Ghost of my childhood, a name that was unfortunately spooky. For that is exactly what the Holy Spirit is not.

The Spirit is the Paraclete,a Greek word that is translated as Counselor, Comforter, Helper, Encourager, or Enabler. The phrase associated with the Holy Spirit is "wind," or "breath." It is supposed to be life-giving, a wind with out destructive power.

So at Pentecost the apostles--and the Church--receive an infusion of life and a mission of evangelism, both hinged to a principle new to the world: forgiveness.

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