Acton Institute Powerblog Archives

Post Tagged 'wealth'

Rich People Are Big Meanies Who Just Don’t Care, Right?

In a New York Times op-ed, Daniel Goleman, a psychologist and author, declared, “Rich People Just Care Less.” How does he know this? Because studies have been done. So there. Rich people lack empathy, don’t listen to people lower on the social ladder than themselves, and …seem to pay particularly little attention to those with the least power. 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...

David Platt, Wealth, and the Work of the Gospel

Over at Thought Life, Owen Strachan uses David Platt’s book, Radical Together, as a launching pad for asking, “Are you and I making and using money as if there is no such thing as the work of the gospel?” I’ve already written about my disagreements with Platt’s approach in his first book, Radical: Taking Back Your Faith from the American Dream, and Strachan expresses similar reservations. Continue Reading...

Wealth and Political Rhetoric in Ancient Christian Perspective

Last Thursday, NPR ran an interesting piece by Alan Greenblat that featured the perspective of several of the nation’s rich (read: annual household income over $250,000) in relation to President Obama’s determination that the Bush era tax increases end for the nation’s rich as part of any deal related to the looming “fiscal cliff.” The article features a variety of perspectives, but I would like to reflect upon one particular section of that article here. Continue Reading...

Hobby Lobby’s Billionaire CEO Says ‘God Owns It’

Forbes recently ran a profile of Christian billionaire and Hobby Lobby CEO David Green. According to Forbes, Green is “the largest evangelical benefactor in the world,” giving “at upwards of $500 million” over the course of his life, primarily to Christian ministries. 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...

Is Making Money Evil, Harry Reid?

I was listening to news radio and heard an update in which the senate majority leader Harry Reid gave his interpretation of events on the debt ceiling negotiation. The part that really got my attention was where he insisted that further committee work would go after those “millionaires and billionaires.” I wondered, “What is he really saying?” Let’s begin with millionaires and billionaires. Continue Reading...