Word: flatness
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Dates: during 1990-1999
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...Administration and the Federal Communications Commission loom in his columns as especially power hungry and antiquated. In practice, however, his anti-interventionist instincts aren't so tidy. Forbes has railed against industrial policy, for example, decrying the government-sponsored Sematech chip consortium and the Clinton Pentagon's development of flat-panel computer displays. Yet he heartily endorses Kemp-style enterprise zones that, whatever their worthy aims, amount to a textbook use of government subsidies to improve upon markets...
...Joseph Schumpeter's famous phrase, then people like Marc Andreessen, Steve Jobs, Jeff Braun, Bill Schrader and Doug Colbeth are responsible for the creating part. But is there much that conservative or liberal policies can really do to nurture such enterprise? Would Marc Andreessen work harder under a flat tax? The creating part of capitalism is the part that economic laws do not explain. Like a code writer and his code, inspiration and dedication stand outside the system to which they are so crucial...
...involve extended periods of hard work, discipline and innovation. Venture-capital firms like Kleiner Perkins first lay out money to get promising companies up and running, and then take seats on their boards. The nurturing often lasts for years. Silicon Video Corp., a San Jose, California, maker of flat-panel video displays that plans to go public in the second half of this year, has got some $15 million from venture capitalists since 1991. "They've been essential in helping us attract the right management and giving us the credibility we need," says Silicon Video president Robert Duboc. "And they...
...Explain to me the flat-tax theory that money given to the rich stimulates the economy, while money given to the poor does not." GORDON CARLSON Chicago...
...ENJOYABLE PART OF AMERICAN CAMpaigns is watching politicians reinvent themselves. Wealthy political outsider Steve Forbes [NATION, Jan. 29], while not having to reinvent himself, has reinvented the flat tax, an idea brought back to life by Jerry Brown during the 1992 presidential race. Forbes proposes to give every American, from the very poorest to the very richest, a tax break. Where will he get the revenue to run America? By taxing corporations. What a wonderful idea! Tax powerful companies, and give the money to everyone. Why is this rich, conservative Republican touting such a liberal idea? RANDY ROBERTS Raleigh, North...