Word: beardsley
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Dates: during 1940-1949
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Among the incorporators are Henry J. Kaiser, Beardsley Ruml, Sidney Hillman, Wendell Willkie, the deans of four local medical schools, many a prominent doctor. But the five county medical societies are not represented...
...C.E.D.'s tax proposals might have hit like a bolt from the blue. For the plan asserts that the Federal Government must rely mainly on individual-not corporate-income taxes for the minimum $16 to $18 billion of revenue needed in the first peacetime year. But Economist Beardsley Ruml had scooped C.E.D.-the Falstaffian treasurer of R. H. Macy & Co. had bluntly said it first in July (TIME, Aug. 7). Ruml had also stated that high corporate taxes were more harmful to employment than high individual levies. But C.E.D. did not care that a little bloom...
These are the two assertions which Beardsley Ruml last week used as corner stones of a new tax-reform plan...
...Beardsley ("Pay-as-you-go") Ruml, visiting his doctor-father in Cedar Rapids, Iowa, had a pleasant thought (for a local reporter): the American postwar standard of living can be 50% higher than anything the U.S. has ever known-if the right conditions prevail. The "right conditions": a national income of $140 billions, based upon 55 million people working 40-hour weeks...
...Businessman Bowles proposed that wartime controls be replaced by a "broad and far-reaching" program to: 1) put a floor under wages and prices-in effect, a combined OPA and WLB in reverse; 2) remove any ceiling on public works. For the long pull he joined Alvin Hansen, Beardsley Ruml et al in proposing that Government shall keep the U.S. economy in balance by lowering taxes and increasing expenditures in slumps, upping taxes and reducing expenditures in booms. He declared flatly that government must always play the "central role" in the economy...