Word: pension
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Dates: during 1960-1969
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...tide is definitely turning," said the frail old man. "My crackpot idea is becoming the idea that will save America from economic serfdom and will bring happiness and prosperity." The time was 1937, and Dr. Francis E. Townsend was almost right: his Townsend Plan, a Depression-born pension panacea, had caught the fancy of legions of elderly Americans. At flood tide, more than 4,000,000 members in 10,000 Townsend clubs gave the lanky, mesmeric country doctor immense political power, and their contributions, in a river of nickels and dimes, flowed in at the rate...
Townsend proposed to pension off every citizen on his 60th birthday with $200 a month, and to pay for the $20 billion annual cost by levying a staggering 2% tax on every business transaction in the nation. (He later lowered his sights to a minimum $135-a-month pension, to be paid for by taxing personal incomes.) The plan promised all things to all men of all ages: by forcing the retirement of oldsters, it would create new openings for younger men and thus solve the unemployment problem; and by requiring every pensioner to spend all of his $200 every...
Died. Dr. Francis Everett Townsend, 93, California visionary, whose pension plan never came to pass; of pneumonia; in Los Angeles (see NATIONAL AFFAIRS...
...nation's highest-paid executive, with $809,011 in salary and bonuses. Though bitterly attacked by union labor leaders for his own high pay and for his unflinching battles against the closed shop in the 19305, Grace at the same time pioneered employees' pension plans, expanded the company's famed incentive system to cover 60% of all employees as well as the chairman...
...played for several years in Manhattan's Greenwich Village will notice differences; the film, for some reason, has fewer songs, and its mockery of capitalism is more savagely direct. The stage play rewards the outlaw Mack the Knife for his evil deeds merely with a title and a pension; in the film. Mackie Messer (Rudolph Forster) becomes the director of a bank. As Peachum's beggars prepare to break up a coronation parade (Threepenny Opera owes its inspiration to John Gay's Beggar's Opera, and the scene is London), someone remarks: "The rich have hard...