Posted by Troy on 5th February 2012 in Human Nature

This is a sin that the Leftists in the 99%/OWS crowd and get behind.  As Milton Friedman said, “Of course, we’re not greedy.  It’s always the other guy that’s greedy.”

The most popular reason that greed is a sin is because there will not be enough to go around if people just take and take and take.  This stems back to when we were hunters and gathers and the early days of agriculture when famine was a prominent threat.  However, there is another reason why this is a sin.  Greed corrodes the soul.  There is a law of diminishing returns.  The more of you have of something, the less good it does you.  The first car you have gives you the most utility.  If you have a fleet of 20, you’re probably not getting much use from the 20th car.  When you continue to accumulate, you appreciate what you have less and less.  Most people would continue to accumulate, not understanding why their money fails to make them any happier.  They will focus on earning more and more possessions, hoping that the next thing they own will grant them happiness, but it fails as well.  In the end, this leaves the soul vulnerable to despair and attack from evil.

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