Acton Institute Powerblog Archives

Post Tagged 'redistribution'

Audio: Sirico on The Pope and Economics; Gregg on Minimum Wage

A couple of interviews to bring you up to speed on from that last couple of days: First of all, here’s Acton Director of Research Samuel Gregg on the GRN Alive morning show on the Guadalupe Radio Network this morning to discuss current efforts to raise the federal minimum wage, giving his analysis on the likely impact of such a move on the economy and the job market. Continue Reading...

Amity Shlaes on ‘The Good Rich’ and the Folly of Philanthropy

In a new book, The Good Rich and What They Cost Us, Robert Dalzell Jr. aims to address “a great paradox at the core of the American Dream: a passionate belief in the principles of democracy combined with an equally passionate celebration of wealth.” In a review for the Wall Street Journal, Amity Shlaes notes that although the book provides an in-depth look at the history of American philanthropy, the author’s own personal prescriptions lend too high a trust to government redistribution: “The Good Rich” starts out like a tour through a portrait gallery, describing rather than judging. Continue Reading...

Hollande’s ‘Idol of Egalité’

French President François Hollande has promised a 75% tax rate on those in his country who earn an annual salary above one million euros ($1.24 million). Not surprisingly, this number has struck fear into the hearts and wallets of quite a few of France’s top earners, including some who are contemplating leaving and taking their jobs with them. Continue Reading...

A Person’s a Person, No Matter How Far

Glenn Barkan, retired dean of Aquinas College’s School of Arts and Sciences here in Grand Rapids, had a piece worth reading in the local paper over the weekend related the current trend (fad?) toward buying local. Continue Reading...

The Main Battle

In the “Wealth Inequality Mirage” on RealClearMarkets, Diana Furchtgott-Roth looks at the campaign waged by “levelers” who exaggerate and distort statistics about income inequality to advance their political ends. The gap, she says, is the “main battle” in the Nov. Continue Reading...

Economic Turmoil in Zimbabwe

Where in the world would you pay $145,750 for a roll of toilet paper? According to an article in the New York Times, inflation in Zimbabwe is soaring higher than ever — about 900 percent since President Mugabe began seizing land from wealthy landowners in 2000. Continue Reading...