Word: cushion
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Dates: during 1940-1949
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Calamity. A major obstacle to this plausible plan is noted by Author Chase himself. Will it be politically possible to keep taxes sky-high in fat years, as they must be kept to lay away a cushion for the lean? Mr. Chase is not sure. Practically any politician could set his mind at rest instantly with the obvious answer: No. "Americans," he writes, "traditionally regard taxes as a burden and a waste, if not an outrage. . . . They will have to change their ideas and begin to think about taxes the way they have been taught to think about insurance...
...funny moments which most of us will never forget. For instance, the "Stephenfetchit" shuffle and Alabama brogue of Douglas Folsom who perpetually and loudly defends the deep south and his ability to receive flashing light.... Arthur Bornfriend in the Harvard Union billiard room, strongly insistent on a three-cushion game at the start and then finally consenting to straight-rail after making one billiard in 15 minutes. "You should do seen me when I was good," shouts Arthur in that inimitable Bronx staccato...
Significantly for U.S. industry, the women will be hit hardest by the change, in Cumberland they will find no cushion to soften the jolt. Few have worked long enough to be eligible for unemployment compensation. In ordnance work, women inspect, gauge, operate automatic machines. But tiremaking is a hard, dirty, heavy job. A mere 300 may eventually get back their jobs with The Kelly. The remainder, some of whom worked just long enough to buy fur coats on the installment plan, must move away to find jobs, stay at home, join the WACS...
Besides aircraft, Goodyear is now making gas masks, rubber boats, life rafts, barrage balloons. Besides peace planes, Goodyear's postwar plans include: housing insulation, plastics, Airfoam (sponge rubber cushion), a radio static eliminator...
...able to buy after the war. Corporations, too, must pay off their debts, must save, if they are to readjust their plants. The reserves necessary cannot be created when there is a tax of 81% on such reserves. Government should allow industry to create a genuine postwar cushion. Government, too, should economize drastically...