This is an essay that is excellent in pointing out the errors of the Biblical interpretations of the modern prosperity movement teachings. It is an excellent essay. Here's a sample from Bible.org
By: David Jones M.Div.; Ph.D
Through this study of the theology and the biblical interpretation of the prosperity gospel, one may discern five clear reasons why this movement’s teachings concerning wealth are incorrect:
1. The prosperity gospel is built upon a faulty understanding of the Abrahamic covenant.
2. The prosperity gospel is built upon a faulty understanding of the Atonement.
3. The prosperity gospel is based upon a faulty understanding of the biblical tachings on giving.
4. The prosperity gospel is based upon a faulty understanding of the biblical teachings on faith.
5. The prosperity gospel, in general, has been constructed upon faulty biblical interpretation.
Aside from these five specific theological and biblical arguments against the prospe
rity gospel, and without even considering the practical implications of this movement, there is perhaps one general, summary reason why the prosperity gospel is a wayward gospel: its faulty view of the relationship between God and man. Simply put, if the prosperity gospel is correct, grace becomes obsolete, God becomes irrelevant, and man is the measure of all things. Whether it is the Abrahamic covenant, the Atonement, giving, faith, or the biblical interpretation of any given verse, the prosperity teacher seeks to turn the relationship between God and man into a financial quid pro quo transaction. As scholar James R. Goff noted, God is “reduced to a kind of ‘cosmic bellhop’ attending to the needs and desires of his creation.” This is a wholly inadequate and unbiblical view of the relationship between God and man and the stewardship of wealth.
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