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...percent flat income tax payable on a postcard. Though the proposal is not original, its simplicity is a good selling point for a public largely disenchanted with bloated government. Specter not-improbably claims that the measure would lower real interest rates by two points, raise per capita income by $1,900 and add two trillion dollars to the U.S. economy over the next seven years, a boost in prosperity which would benefit...

Author: By Joshua A. Kaufman, | Title: Politics, Not Props | 9/25/1995 | See Source »

...with the Indians' abject destitution. Despite the arrival of gambling facilities on reservations, which has enriched a handful of tribes and made a few dozen more comfortable, a third of the country's 2 million Native Americans live below the poverty line. On the reservations, where per capita income averages $4,500, half of all children under age six live below the line; 1 out of every 5 Indian homes lacks both a telephone and an indoor toilet. Federal expenditures that reach the tribes are low enough as it is: according to Stearns, the government spends $2,600 a year...

Author: /time Magazine | Title: BURY MY HEART IN COMMITTEE | 9/18/1995 | See Source »

...absolute standard but with that of our neighbors. So if our neighbors don't get richer-and if the people on Lifestyles of the Rich and Famous don't get richer--then we shouldn't, in theory, get less happy than we already are. Between 1957 and 1990, per capita income in America more than doubled in real terms. Yet, as the psychologist David Myers notes in The Pursuit of Happiness, the number of Americans who reported being "very happy" remained constant, at one- third. Plainly, more gross domestic product isn't the answer to our deepest needs. (And that...

Author: /time Magazine | Title: THE EVOLUTION OF DESPAIR | 8/28/1995 | See Source »

...drawing as many as 25,000 spectators to its annual Fourth of July concert, she was criticized for undiplomatically severing some local musicians and hiring others from out of state. And some residents griped that in a state with one of the highest unemployment rates and lowest per-capita incomes, it was difficult for many people to relate to her passion for classical music...

Author: /time Magazine | Title: OH! MADAME FIRST LADY! | 7/31/1995 | See Source »

...sanctions left in place are painful enough. Out of a labor force of 2.3 million, 1 million people are jobless and about 700,000 have been temporarily laid off. Gross national product dropped from $2,330 per capita in 1991 to $1,225 in 1993, the latest figure available. An estimated 2 million of Serbia's 10 million people live below the poverty line. The embargo also limits the country's ability to make an industrial recovery. Sanctions-busting on a grand scale -- mainly through Romania and Bulgaria and, to a lesser extent, Macedonia -- keeps stores filled with all manner...

Author: /time Magazine | Title: MESSAGE FROM SERBIA | 7/17/1995 | See Source »

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