The uncertainties of riches

Bill Gates, the founder of Microsoft, has just become the richest person in the world again with a net worth of $110 billion ($110,000,000,000). He has overtaken the Amazon CEO Jeff Bezos who, because of a fall in Amazon’s profits, now has a net worth of $108 billion. The number of billionaires in the world is increasing and has reached a total of more than 2500. There are 700 billionaires in North America with a total wealth of more than $3 trillion. The combined total wealth of the billionaires in the next 8 countries on the billionaire list is $2.9 trillion. In total, the world’s richest 1% owns about half of the world’s wealth.

Many people think that being rich will make them happy and that the more money they have the happier they will be. Every week people buy lottery tickets in the hope of winning large sums of money. The EuroMillions jackpot last week was £98 million. When people win the lottery there are pictures of them celebrating and looking very happy but, sadly, their new-found wealth often leads to great sadness in broken marriages, addictions and loneliness through losing their friends.

A man once asked Jesus to settle a dispute between him and his brother over an inheritance. His brother was refusing to give him his share. Jesus said, “Watch out! Be on your guard against all kinds of greed; life does not consist in an abundance of possessions.” He then told a parable about a rich farmer who had a bumper harvest and wondered how he could store all his crops. The farmer said, “This is what I’ll do. I will tear down my barns and build bigger ones, and there I will store my surplus grain. And I’ll say to myself, ‘You have plenty of grain laid up for many years. Take life easy; eat, drink and be merry.’”

On the face of it the farmer was being prudent, but he had not considered the uncertainties of life and the ultimate importance of eternity. Jesus went on to say, “But God said to him, ‘You fool! This very night your life will be demanded from you. Then who will get what you have prepared for yourself?’ This is how it will be with anyone who stores up things for themselves but is not rich toward God.” Jesus is the supreme example of selflessness because although he was rich, yet for our sake he became poor, so that we through his poverty might become rich.

The love of money

There is an epidemic of child gambling. The Gambling Commission says that 450,000 children aged 11-16 bet regularly of whom 55,000 are “problem” gamblers. This represents a quadrupling of child problem gamblers in two years. The average stake is £16 a week each. Experts blame the sharp increase on the explosion of television adverts. Betting company adverts dominate the commercial breaks in televised Premier League football matches. 60% of the teams in the Premier League and Championship now have betting companies’ names on their shirts and receive large sums of money for doing so.

The exploitation of children and others by betting companies is shameless and is attended by hypocrisy. Betting companies say, “It means more when you have a bet on it” and “Betting should only enhance the enjoyment.” Even while encouraging people to place a bet, including offers of a free first bet, they encourage people to “bet responsibly” and say, “When the fun stops, stop.” In an effort to reduce gambling addiction Italy and Albania have recently placed restrictions on the activities of betting companies and football teams.

Betting companies make big profits for their owners and shareholders and most gamblers lose money they can’t afford to lose. I remember meeting a young man who had received compensation for serious injuries he had sustained in a road accident. A good friend had died in the accident. He told me he had been depressed and had started gambling online. When he lost money he would place another bet in the hope of recouping his losses. In a short time he lost all the money he had received. Some young problem gamblers have even taken their own lives.

In perfect justice, God will judge those who use their wealth and power to exploit the poor and vulnerable. The book of Proverbs says, “Do not exploit the poor because they are poor and do not crush the needy in court, for the Lord will take up their case and will exact life for life.” We all need to guard against the temptation to want to be rich and to help and protect young people who are being tempted. The Apostle Paul wrote, “Godliness with contentment is great gain. For we brought nothing into the world, and we can take nothing out of it. Those who want to get rich fall into temptation and a trap and into many foolish and harmful desires that plunge people into ruin and destruction. For the love of money is a root of all kinds of evil.”