Word: generous
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Dates: during 1990-1999
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...think that he himself recognizes that this last article was really unwise and was a mistake, and I think he has apologized for it," Rudenstine said. "And from my point of view, that is generous-spirited, and we ought to acknowledge that and work with him now to produce a better environment...
...wealthy at the expense of other taxpayers. While that may be true for crude plans like Jerry Brown's, it is not immutable. A consumption code can be made as progressive as one wishes, by adding brackets (the 1977 Treasury plan proposed brackets of 10%, 28% and 40%) and generous exemptions (Hall-Rabushka would not tax the first $16,000 of income). A consumption tax also would tax gifts and inheritances like any other income, unlike current law, which favors the rich. And since even wealthy taxpayers spend nearly as much as they earn over the course of their lives...
...Through generous alumni donations and fund-raising by individual houses, equipment has been upgraded to include carbon-fiber oars and electronic "cox-box" systems. The boats remain traditional in hull-shape and undifferentiated from one another, in order to avoid unfair advantages between the crews...
Charity is wonderful, and Americans are wonderfully generous ($122 billion in 1990). But in the hands of politicians, charity can become an excuse for ignoring social problems, not a method of addressing them. A Points of Light Foundation brochure puts the challenge well: "While many Americans prosper, another part of our country dwells on the other side of hope. Illiteracy, drug abuse, teen pregnancy, delinquency, homelessness, neglect, alienation...
...just as the citizens can vote the politicians out. Shareholders can also sell their stock, which citizens cannot. But in practical terms, corporate charity is under less democratic control than government social welfare. And corporations, unlike the government, then spend vast sums of money bragging in advertisements about how generous they are. Stockholders pay for that -- and so do taxpayers, since the cost is deductible...