What’s wrong with the economy?

According to Robert Reich (in less the 2 minutes and 15 seconds), it’s James 2:1-8 all over again. Here’s the passage …

My brothers and sisters, do you with your acts of favouritism really believe in our glorious Lord Jesus Christ?
For if a person with gold rings and in fine clothes comes into your assembly, and if a poor person in dirty clothes also comes in, and if you take notice of the one wearing the fine clothes and say, ‘Have a seat here, please’, while to the one who is poor you say, ‘Stand there’, or, ‘Sit at my feet’, have you not made distinctions among yourselves, and become judges with evil thoughts?
Listen, my beloved brothers and sisters. Has not God chosen the poor in the world to be rich in faith and to be heirs of the kingdom that he has promised to those who love him? But you have dishonoured the poor.
Is it not the rich who oppress you? Is it not they who drag you into court? Is it not they who blaspheme the excellent name that was invoked over you?

When the richest one percent rakes in the lion’s share of the economy’s growth over the last three decades, when they take in twenty percent of the nation’s income each year (up from 10% in 1980) and control forty percent of the nation’s wealth, should the rest of us be concerned? Shouldn’t we be suspicious of those who claim that still more tax cuts for the rich will solve our problems? Or would we be happier if the super-rich 1% raked in 90 percent of the nation’s income and owned 99% of its wealth? At what point between here and there do we say that our government is – in James’ words – dishonoring the poor, acting with favoritism toward the rich, and doing so to benefit the ones who exploit the rest of us? Something to think about, especially as we enter an election season.