[Sayma-Discuss] Where is your money invested, Friend?

Errol Hess errol at kitenet.net
Mon Jun 28 11:10:27 EDT 2010


This Friend speaks my mind.

On Mon, 2010-06-28 at 09:52 -0400, Bob McGahey wrote:
> Excellent responses, Dennis, as usual.  You cover everything I have
> been challenging myself with, and more. 
>     ON a similar note of living our testimonies, and where much of my
> work is focused, should we be using electricity generated from MTR
> coal?  From any coal, or fossil fuel?  Friends (both little and large
> F) in Weaverville NC successfuly blocked construction of a peak-only
> natural gas facility there.  Are they acting like the Kennedys on Cape
> Cod, or are they willing to change their behavior so that there are no
> peaks?  
>     This all leads to a 
>     Query: How do we power ourselves into the future, other than at
> the 10% of current average levels of carbon usage?
>     Sorry I could not be at SAYMA this year to raise this in the
> Body. 
> 
> Bob
> 
> Dennis Gregg wrote: 
> > Always a useful query, one that both my Monthly Meeting and SAYMA
> > have been mindful of.  It gets more difficult for friends who work
> > for themselves or for organizations without pensions, who seek to
> > have their money "grow" in order to fund their retirement years.  If
> > we want to take the position that all investment earnings (whether
> > through dividends or asset price appreciation) are unearned and
> > therefore are a benefit derived from other people's efforts, I find
> > that ethically appealing, but it leads to the much more difficult
> > questions of disparity of income, disparity of wealth, and the
> > question of inherited wealth.  Is the CEO of Goldman Sachs 1000
> > times more valuable to society than a teacher?  500 times?  Is is
> > more ethical to spend every cent that we earn rather than invest?
> > Should we stick our excess (or emergency fund) into the mattress.
> > Should we lend without interest?  Should we invest without an
> > expectation of any return even of principle (then let's call it a
> > gift)?  Should we refuse the pension that our employer offers
> > because of how those funds were invested?
> > 
> > Thank you Steve for reminding us of the question.  I find no simple
> > answer beyond the Quaker habit of trying to live simply so that we
> > can be more giving of our time and resources.
> > 
> > Dennis
> > 
> > On Thu, Jun 24, 2010 at 4:22 PM, Free Polazzo
> > <freepolazzo at comcast.net> wrote:
> >         How does a Friend tell a "heartless corporation" from one
> >         with a "heart"?   
> >         
> >          
> >         
> >         Free
> >         
> >          
> >         
> >          
> >         
> >         -----Original Message-----
> >         From: sayma-discuss-bounces at kitenet.net
> >         [mailto:sayma-discuss-bounces at kitenet.net] On Behalf Of
> >         Steve Livingston
> >         Sent: Thursday, June 24, 2010 4:19 PM
> >         To: sayma discussion list
> >         Subject: [Sayma-Discuss] Where is your money invested,
> >         Friend?
> >         
> >          
> >         
> >         It's easy to feel powerless to change the world when there
> >         are so many 
> >         
> >         things falling apart around us. Fortunately, we Quakers are
> >         called not 
> >         
> >         to change the world, but to live our lives as if the world
> >         were already 
> >         
> >         changed. In such a world, where would your money be
> >         invested? Would it 
> >         
> >         be in petroleum? In drugs? In heartless corporations?
> >         
> >          
> >         
> >         A sojourning Friend from Asheville Meeting notes that some
> >         Friends' 
> >         
> >         organizations may not have this part of our Quaker testimony
> >         down pat. 
> >         
> >         Is our own Yearly Meeting among those? How about our Monthly
> >         Meetings? 
> >         
> >         Are our investments in accord with the world we seek to live
> >         in?
> >         
> >          
> >         
> >         Our sojourning Friend writes from the poorest country in the
> >         Western 
> >         
> >         Hemisphere:
> >         
> >          
> >         
> >         http://elizabetheames.blogspot.com/2010/06/growing-concern.html
> >         
> >          
> >         
> >         What canst thou say, Friend?
> >         
> >          
> >         
> >         In the Light,
> >         
> >         Steve
> >         
> >         _______________________________________________
> >         
> >          
> >         
> >         
> >         
> >         _______________________________________________
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> >         http://kitenet.net/cgi-bin/mailman/listinfo/sayma-discuss
> >         
> >         This list is for the SAYMA community to discuss general
> >         issues of concern to Quakers.  Announcements should be sent
> >         to SAYMA-Announce.
> > 
> > 
> > 
> > -- 
> > Dennis Gregg
> > Executive Director
> > Obed Watershed Community Association
> > 185 Hood Dr.
> > Crossville, TN 38555
> > 931-484-9033
> > 931-210-3611 cell
> > 
> > 
> > ____________________________________________________________________
> > 
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