Acton Institute Powerblog Archives

Post Tagged 'Business/Finance'

7 Figures: Tax Day Edition

[Note: ‘7 Figures’ is a new, occasional series highlighting data and information from a variety of surveys and reports.] 1. The average federal tax rate for all households (tax liabilities divided by income, including government transfer payments) before taxes is 18.1 percent. Continue Reading...

How Bitcoin Could Help the World’s Poor

Bitcoin is dead, long live Bitcoin. A few weeks ago the IRS killed off any chance that Bitcoin could become a mainstream currency. That’s probably for the best since it clears the way for it to become something much more important: the world’s first completely open financial network. Continue Reading...

Samuel Gregg on Just Money

“If a society regards governmental manipulation of money as the antidote to economic challenges,” writes Acton research director Samuel Gregg at Public Discourse, “a type of poison will work its way through the body politic, undermining justice and the common good.” Money: it’s on everyone’s mind sometimes. Continue Reading...

The Four Most Imporant Legal Questions in the Hobby Lobby Case

The Supreme Court recently heard oral arguments in the Hobby Lobby contraception case. But which arguments will have the most influence on the justices? Michael McConnel, a respected Religion Clauses scholar from Standford, explains which four arguments are most likely to be important: Cutting through the politicized hype about the Hobby Lobby and Conestoga case (“Corporations have no rights!” “War on Women!”) the Justices during oral argument focused on four serious legal questions, which deserve a serious answer: (1)  Could Hobby Lobby avoid a substantial burden on its religious exercise by dropping health insurance and paying fines of $2,000 per employee? Continue Reading...

Uber Cab Driver: ‘I Feel Emancipated’

On-demand ride-sharing services such as Uber and Lyft are on the rise, allowing smartphone users to request cab drivers with the touch of a button. But though the services are popular with consumers and drivers alike, they’re finding less favor among their taxi-company competitors and the unions and government bureaucrats who protect them. Continue Reading...

Samuel Gregg: ‘Our Minimum-Wage Circus’

Acton’s Director of Research, Samuel Gregg, recently  wrote about the effects of raising the minimum wage at the National Review Online. The latest CBO report estimates that increasing the minimum wage to over $10/hour in 2016 will not greatly affect the poorest in society; it is estimated that this increase will only help 2% of those living in poverty. Continue Reading...

The 1%: Who Are They Really?

The much-maligned 1%. Websites are devoted to getting them to spread their wealth. They are called self-pitying, greedy…just all-around bad folk. Really? In today’s Wall Street Journal, James Piereson says the 1% are actually hard-working people like the rest of us. Continue Reading...