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Cake day: September 17th, 2023

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  • Have you noticed how ancient religious texts like the Bible often heavily focus on financial themes, especially debt and inequality? This was long before capitalism existed. The existence of markets (capitalist or not) tends to lead to inequality. In fact, modern capitalist societies were the first to have the ability (though not necessarily the will…) to adequately address this issue using progressive taxation, as opposed to the older methods like the Jubilee, bans on usury, and later feudalism (all of which have severe drawbacks).