Acton Institute Powerblog Archives

Post Tagged 'finance'

Financial endeavors can serve the common good

“Gregg lays out a careful and detailed argument for the proposition that, done well, financial endeavors can serve the common good,” says Adam J. MacLeod in a review of Acton Research Director Samuel Gregg’s most recent book For God and Profit: How Banking and Finance Can Serve the Common Good. Continue Reading...

In Defense of Wall Street

If we forget finance’s indispensable role in modern economies, says Samuel Gregg, research director for the Acton Institute, in an op-ed for The Detroit News, it’s guaranteed that everyone will be worse off. Continue Reading...

Ben Sasse on Why Over-Regulation Hurts the Poor

Conservatives are known for arguing about the ill effects of over-regulation, reminding us how it stifles innovation, cramps entrepreneurship, and harms small businesses. Where we’re less effective is connecting this reality to the more fundamental abuses it wields on human dignity in general and the poor and vulnerable in particular. Continue Reading...

3 Modern Economic Lessons from an Ancient Tax on Windows

King William III of England needed money, so in 1696 he decided to implement a new property tax. To make sure the tax was progressive (i.e., affected the rich more than the poor), the parliament devised a seemingly clever idea: they’d use the number of windows as an index for the value of a house. Continue Reading...

7 Figures: Tax Day Edition

Today is tax day, the day when individual income tax returns are due to the federal government. Here are seven figures you should know about tax day: 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...