February 21, 2026
The Missing Commandment Part 3
The Primary Text:
Mar 10:19 Thou knowest the commandments, Do not commit adultery, Do not kill, Do not steal, Do not bear false witness, Defraud not, Honour thy father and mother. (KJV, emphasis added)
I call "Defraud not" the "missing commandment" because this is a largely ignored text of Scripture.
The principle stated by the command to "defraud not" has broad and continuing application to all parts of society everywhere. If this command were to be obeyed in all its possible applications things would be much better.
In no particular order, here are some of the areas of application I would suggest:
- Tax on unrealized gain in property value, assessed as property tax, is flagrantly a matter of fraud. Just because a house in my locality sold for a higher price does not mean my house should have its value raised and tax increased. A property is only worth what someone else is willing to pay for it. A home should be taxed only on the amount it last sold for. Property tax ought to be eliminated altogether.
- Pouring money into the economy by the Federal Reserve causes terrible inflation because there is more money chasing after the same goods and services causing prices to increase. Notice wages do not increase as fast as inflation does.
- Inflation reduces the value of the dollar. A given sum of money, fiat money at that, cannot buy what it once could. This disrupts the well-being of wage earners for they must reduce their standard of living to make ends meet. Their reduced spending affects the survival of the businesses who have depended on their spending.
- For individuals and families who have wisely learned to "live beneath their means" and have managed to accumulate savings, inflation has robbed them of their hard-earned wealth because the dollars saved have vastly lost their purchasing power.
