Word: pleven
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...Consultative Assembly France's suave Finance Minister René Pleven offered a proposal as deceptively harmless as a Teller mine: a capital tax to be levied on all fortunes exceeding 100,000 francs. Minister Pleven called it a "tax of national solidarity . . . consecrated to financing reconstruction." The rate would be 3% to 20%. Householders would be allowed 200,000 francs exemption. Payments would be made in four years, but immediate payment would earn a 4% discount...
...Pleven proposal was, in effect, a supplementary income tax. But if it became law, which seemed likely, it would establish a principle* which might well ring the tocsin for French capitalism...
...tried was to place old money on a horse expected to be scratched from a race at Longchamp-hoping that his bet would be returned in new money. (The trick failed.) People with servants redeemed extra money by sending their servants out with extra amounts. Finance Minister René Pleven was cheerful, but the staid old Bank of France considered the whole business a mess...
Economists, like other theologians, are mutually intolerant: Charles de Gaulle's Cabinet was no longer big enough to contain both of its respected doctors of finance. Minister of National Economy Pierre Mendès-France is a peppery proponent of controlled deflation, and Minister of Finance Rene Pleven, a suave supporter of controlled inflation. One day last week M. Mendès-France called on General de Gaulle, left his resignation. Two days later M. Pleven became Minister of National Economy and Finance...
...patient, meanwhile, did not seem sure which doctor she preferred. In general the leftist press regretted M. Mendès-France's departure. But it turned a not unhopeful face toward his successor. Said the resistance organ, Front National: "Your turn now, M. Pleven, to see what you can do. ... To you our hand...