redistribution

May 19, 2017

A tale of two hypothetical presidents

Imagine a president who regularly steps on his own shoelaces and seems to waste power. This president inspires an especially venomous reaction from the press. They actually have contempt for him. Continue Reading...

November 03, 2015

Welcome to Cuba: Where doctors earn less than taxi drivers

In Cuba, taxi drivers earn far more than doctors, raking in more money in one day than a doctor will make in an entire month. The reason? Unlike most of the Cuban economy, taxi licenses are privately held and wages are not set by the state. Continue Reading...

May 22, 2014

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...

January 13, 2014

Think Redistribution Is Great? Here Are A Few Questions For You

Are you a fan of redistribution? Do you think those with more money should willingly or unwillingly spread the wealth? Do you believe the government should step in and help with the redistribution process? Continue Reading...

January 18, 2013

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.” Continue Reading...

August 08, 2012

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...

November 28, 2011

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?) Continue Reading...

October 07, 2010

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...

October 08, 2008

The Credit Crisis: Who Brewed the Stupid Juice?

What is the root cause of the sub-prime crisis shaking the global economy? We need to know so we don’t allow it to screw up our economy even worse. Many point to dishonesty and poor judgment on Wall Street. Continue Reading...

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