But for the Grace of God

I have often thought back to a conversation I had many years ago with one of my students. She had come from a rural background with a strong, and in many ways admirable, streak of self-reliance. She was dumbfounded when I quoted the saying “There but for the grace of God go I,” often attributed to a sixteenth century evangelical preacher and martyr, John Bradford. How could I, her professor, imagine myself in the position of people who were down and out, people without jobs who needed help?

The Eastern Storm

As I record this commentary, there is a powerful storm approaching the East coast. The last hurricane to hit this area affected a number of people in my office. One of the women who had worked for me lived in Schoharie. Her home and family were OK but she was devastated by what happened to her town. This time, my thoughts are in Brooklyn where my son and his family live – near the water but in the area that serves as a port so we hope more protected.

I’m no meteorologist. So how do you talk about a storm? 

Sources of American Strength

Let’s talk about some basics – the sources of American economic power.

• We were always an immigrant society, peopled with those who had the drive and courage to leave where they were, cross the ocean and begin again with nothing.
• Initially we were agricultural. One innovation was small, “republican,” landownership by independent farmers. Their efficiency made everything else possible.
• We were among the leaders in the banking revolution which simplified and facilitated commerce.
• The transportation revolution began in England but it had an enormous impact on the American economy because of the sheer size of the country.
• Our system of democratic schooling  – education for all, rich and poor, boys and girls, immigrants and natives – was revolutionary and made us an international leader.
• England pioneered the scientific revolution. But America took advantage of the land grant colleges, and with the appreciation for learning that came with both the Christian and Jewish communities that relocated here, America became a major source of invention.
• Americans led the revolution in manufacturing – inventing and perfecting the assembly line.

Now what? Everything we achieved is out there.

Taxes and the Price of Success

With a deal in process about state taxes amid shouts about which state’s taxes are highest, let me point out some basic facts. New York is expensive. My employers had to pay me well when I worked in New York City so that I could afford to live and work there. Same when I worked in Boston. Why? Taxes? Actually that’s not the big issue which is real estate.