Word: increments
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Dates: during 1930-1939
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...raise this revenue the California Legislature has under consideration a State income tax stiffer than any other in the land. Basic schedule is 33% of the Federal rate. But severe levies on unearned increment jack up the rate in some brackets as high as the Federal tax. The "radical" Assembly, where a small bloc of EPIC legislators controls the Democratic minority, passed the tax bill recently, 70-to-5. Even though a safely conservative Senate was expected to modify the measure, Governor Merriam has come in for a prodigious amount of kicking around by the Hearst Press (whose master...
...Treasury. Later Congress gave the Secretary of the Treasury $2,000,000,000 of that profit to use as he saw fit in stabilization of dollar exchange. Promptly he told the Press that he would never say a word about the operations of the fund. The "gold increment" of devaluation remained as such on the Treasury's balance sheets until last week, when $2,000,000,000 suddenly dropped out of that figure and a new item cropped up, a liability of $1,800,000,000 to the Exchange Stabilization Fund. The other $200,000,000 had presumably been...
...cheer only when we are personally excited by a good play, merely as an emotional outlet, and not with any idea of maintaining the morale of the team. We have become like a gambler in stocks whose support of a company is based only on its chances of increment, to be abandoned at any weakening...
...finished pupils of these exclusive "public schools", if ambitious for intellectual careers, passed into the two great universities, there to enjoy again the exclusive privilege of employing for their own development the unearned increment of centuries. Or if destined for the public service, naval, military or civil, or for the professions, they might enter upon their future careers directly from the "public school." And, to a surprising degree, they justified their special privileges, developing into ripe scholars, as profound and unpretentious, skillful and public-spirited political leaders, or as honest, efficient civil servants. As a result, England enjoyed and still...
Adoption of the single tax would do away with the profits which come from land appreciation and are known as unearned increment or economic rent. An able critic of the single tax has objected that the plan takes for granted a continual increase in land values, that if the State takes the profits of increases it must also shoulder the losses from decrease...