Acton Institute Powerblog Archives

Post Tagged 'wealth redistribution'

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...

Faith through failing works?

The Civil Society Trust reviews Jay Richards’ book “Money, Greed and God” (buy it here) and reflects on government compassion. We can read in Genesis that man was created by God, in His own image. Continue Reading...

Obama Reparations Radio Interview Begs a Question: Does Wealth Redistribution Actually Help the Poor?

A 2001 radio interview of Barack Obama surfaced yesterday in which he said that “one of the tragedies of the Civil Rights movement,” and one of the limitations of the Warren Supreme Court, was that although they won such formal rights as the right to vote and “sit at the lunch counter and order,” they “never ventured into the issues of redistribution of wealth.” A caller to the station, WBEZ Chicago 91.5 FM, then asks if the courts are “the appropriate place for reparative economic work to take place.” Obama responds that “you can craft theoretical justifications for it legally,” but a more effective approach is “the political and community organizing and activities on the ground that are able to put together the actual coalitions of power through which you bring about redistributed change.” Does the radio interview demonstrate that Obama harbors radical views? Continue Reading...