CSR (Corporate Social Responsibility) gained notoriety with Howard R. Bowen’s 1953 publication Social Responsibilities of the Businessman, and although times have since changed and CSR has taken on various forms, a constant question remains unchanged. What is the role of business in society? Some claim that a greater focus on corporate social performance over corporate … Continue reading A Brief History of Corporate Social Responsibility
Category: Economy
We accrued roughly $42,000 in new debt per federal taxpayer thanks to Congress’s multi-trillion-dollar COVID “stimulus” efforts. The least one could hope for is that the money was well spent. But a new ProPublica exposé reveals that one of the biggest stimulus programs sent taxpayer dollars to hundreds of fake farms. In Ocean County, New … Continue reading ‘Deely Nuts, Beefy King’: Hundreds of Fake Farms Received Fraudulent Stimulus Loans, Exposé Reveals
When President Barack Obama rejected a presidential permit for the Keystone XL pipeline, he concluded that “America is now a global leader when it comes to taking serious action to fight climate change. … And America is prepared to show the rest of the world the way forward.” Then-Vice President Joe Biden was at his side, assenting … Continue reading Biden’s Hypocrisy on Keystone XL vs. Nord Stream 2 Pipelines
A few weeks ago, I explained how U.S. duties on imports of softwood lumber from Canada could significantly affect the North American lumber market, even though the published duty rate for most imports was only 9 percent. On Friday, the Commerce Department gave us a perfect example of how this works in practice and why the U.S. trade remedies (antidumping and … Continue reading In the Midst of Skyrocketing Lumber Prices, the Commerce Department… Doubles Tariffs?
In the mood for a depressing statistic? A new report from the financial services firm Self concludes that the average American will pay an astounding $525,037 in taxes over their lifetime—roughly 34 percent of their lifetime earnings. But the numbers aren’t uniform across the country; they vary wildly from state to state. Based on taxes … Continue reading Here Are the 10 States Where Residents Pay the Highest Lifetime Taxes
President Trump famously (and falsely) said that “trade wars are good and easy to win.” But we now have confirmation that, just as economic theory predicted, American taxpayers are the biggest losers from the former president’s tariffs. (Which have largely been continued by President Biden so far.) As reported by Reason’s Eric Boehm, a new … Continue reading We Just Got Proof that Americans, Not China, Are Paying for the Tariffs
As I wrote in March, President Biden repeatedly claimed that essentially all economists supported his $1.9 trillion American Rescue Plan: “The American Rescue Plan … will generate economic growth for the entire nation. That’s why major economists — left, right, and center — support this plan.” “Every single major economist out there — left, right, and center … Continue reading Do Economists Support the Biden Plan?
Since 1948, the U.S. annually has celebrated World Trade Month and World Trade Week in May. In 1988, President Ronald Reagan described World Trade Week as “a truly appropriate time to remember the many benefits international trade has conferred on our country and to reflect on the many blessings the spread of economic freedom has brought, and can bring, … Continue reading 3 Ways to Improve Trade Freedom During World Trade Month
When the COVID-19 crisis came to our shores, some states chose to embrace harsh lockdowns and heavy-handed government restrictions while others prioritized personal freedom and economic vitality. Thanks to this natural experiment, Americans got to vote with their feet on what worked best—and new data show that lockdown-weary New Yorkers fled to one key free … Continue reading Lockdown-Weary New Yorkers Fled to One Free State in Droves, New Figures Show
President Joe Biden said that the richest Americans should “start paying their fair share” of taxes and that his proposed tax increases would ensure that the “wealthiest 1% … just pay their fair share.” Senator Elizabeth Warren wants to make “changes to our rigged tax code so that the wealthy pay their fair share.” Senator Bernie Sanders wants to make sure that … Continue reading Taxes and Fair Shares
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