Not being Catholic, I don’t usually pay a great deal of attention to the Pope. However, the Holy Pontiff is now advocating allowing individuals to decide how they want their tax money to be spent. Its an interesting idea, to be sure.

From his 2006 letter to the faithful.

One possible approach to development aid would be to apply effectively what is known as fiscal subsidiarity, allowing citizens to decide how to allocate a portion of the taxes they pay to the State. Provided it does not degenerate into the promotion of special interests, this can help to stimulate forms of welfare solidarity from below, with obvious benefits in the area of solidarity for development as well.

Heres the link to the letter.

Hat tip to the Tax Prof Blog.

Best,

James

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1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

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