Counter Culture Thoughts on the Election, Taxes, and Generosity
In the last episode of the Bob & Bryan Show, we may have overstated the Doomsday headline a tad. Taxes and governmental monetary policies deserve a little levity; we have taken the spoon full of sugar approach to teaching and informing you about how to do the most good with the blessings you’ve been given. So let’s set the record straight on a few things.
What Do We Have to Fear?
Like everyone else, we have had dozens of conversations about the upcoming election and the repercussions of various election scenarios. Thank goodness we have so many strong Christian friends to remind us of who is really in control. The God of the universe has us in the palm of his hand. He loves us and has promised to watch over us. “The righteous will have no fear of bad news,” says the psalmist in Psalm 112.
The righteous will have no fear of bad news.
Regardless of who wins in November our salvation is secure in Christ’s work on the cross. There were three Roman emperors leading up to the new testament writings who were far more devastating to humanity than any of our modern U.S. politicians might ever be. Both Paul and Peter encourage us to pay our taxes and honor the government. Yes, we included a giant asteroid seemingly hurtling toward earth in the artwork of our previous episode titled, Estate Planning Doomsday (See below), but the apocalypse will not likely be brought forward by the upcoming election.
Charitable giving will survive beyond the 2020 election. Happily, lawmakers from both sides of the aisle agree that the charitable giving tax deduction is a good thing. It’s lasted more than a hundred years and we have no doubt that it will continue regardless of who is voted into office.
The stock market has had a strong year despite the strangeness of 2020. Nevertheless, we are seeing some volatility in the markets recently. If you think the stock market is likely to take a tumble after the election, then consider giving stock now. Now is when it might do the most good. Help the ministries that you care about. We believe that NOW is always the best time to be generous.
All that being said, estate planning is an area in which the election may have some impact. The stated positions of the two parties are very different from each other. That means that if you haven’t gotten your assets organized appropriately, it’s time to do so.
So be encouraged! God is in control. And he loves you so much that he sent his only son to earth to take on our sins and give us everlasting life.