Word: basic
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Dates: during 1960-1969
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...assuring the academic community that even Nixon appreciated it, suggested that Nixon the President-elect viewed problems more reasonably than Nixon the Republican nominee had. Henry Kissinger as National Security Assistant seemed to imply caution on the arms race; Lee DuBridge as Science Assistant seemed to indicate concern for basic research; Paul McCracken as head of CEA seemed to be a shift from medieval fiscal policy to full employment economics; and of course Daniel Patrick Moynihan as the new Urban assistant seemed to promise help for the poor after...
DuBridge enjoys immense respect among his fellow scientists, and his appointment was viewed by them as an excellent one. Though a physicist deeply devoted to the intricacies of basic science, DuBridge has built his reputation primarily as a thoughtful and creative administrator. He is also a social activist in Los Angeles, where he is chairman of the local Urban Coalition. Speaking at Notre Dame last year, Dr. DuBridge decried the use of university facilities for secret research into such things as weaponry...
...called for what he terms the negative income tax. Yale's James Tobin, a leading liberal economist, has been an effective proponent of what is sometimes called the guaranteed annual income. Though the plans vary considerably in detail, the principle is the same: everyone is entitled to a basic income as a matter of right. Under Tobin's plan, the most carefully thought out, no family of four would receive less than $2,600 a year. As income rises, the payment from the Government would drop, until a breakeven point of $5,200 is reached...
...income supplement: family or children's allowances. Under this scheme, every family in the country, rich or poor, would receive a certain amount of money for each child. The affluent would return it with their income taxes, but those who really need it would keep it for basic needs. The main beneficiaries would be the children. No fewer than 62 nations, including Canada and all the countries of Europe, already give family allowances. The family allowance, unlike the negative income tax, could be sold politically as a program for children rather than the poor, and thus would probably...
...authority will sell bonds for a particular project on the open market, and then use the money received to pay for the expenses of the project, including costs of acquiring land and planning the project as well as basic construction costs. Once the project is completed, the authority will rent it to the college and will retain title until the college pays off principal and interest on the bonds...