Word: legalism
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Dates: during 1970-1979
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...disclosed the results of its first effort to gauge how much the Government is losing because of this growing underground economy. The estimate: in 1976, the last year for which full statistics are available, the Government failed to collect income taxes of some $13 billion to $17 billion on legal but unreported transactions worth between $75 billion and $100 billion...
...Colombia, where coffee is king, some businessmen are high on the idea of giving Mary Jane, the outlaw princess, a legitimate spot on the economic throne. A small but influential cadre of Colombians are campaigning to make the growing of marijuana legal in their own country. The movement is headed by Ernesto Samper Pizano, president of the National Association of Financial Institutions (A.N.I.F.), a well-regarded think tank that has completed an eight-month study on the effects of legalization...
Samper, a lawyer and economist, contends that if growing had been legal, Colombia last year could have saved the $120 million it spent on trying to stop it and also collected taxes of $168 million on the huge amount of pot, worth an estimated $1.4 billion wholesale, that was smuggled out of the country. Further, Samper calculates that the estimated 30,000 grower families get only 8% of the earnings of the trade; the rest goes to smugglers and middlemen, most of them North Americans. Legalization, says Samper, would both spread the pot wealth better and rid Colombia of much...
Before the decade was half over, Walt Disney Productions had acquired financially troubled Great Britain and turned it into a theme park, the United Magic Kingdom. In Italy, 65% of the population was living blindfolded in cellars and the trunks of cars, and kidnap victims were accepted as legal tender. Mexico's oil reserves made it a land of opportunity, and streams of unemployed migrant U.S. business executives - "whitebacks" - turned the teeming slums of Mexico City into hotbeds of conservative unrest...
With the last of legal maneuvers exhausted in a seven-year battle against court-ordered school busing, officials in Columbus last week set about transporting some 35,000 pupils newly reassigned to different schools. The whole community mobilized to make the operation a great success. On the first day of school Mayor Tom Moody was able to announce: "We may not like what's happening, but we're going to work hard...