Word: price
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Dates: during 1970-1979
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...enacted, the VAT will tax the values added to all goods at each stage of the production and sales process. Every time a manufacturer or entrepreneur raises the price of a product, the government will tax this added value at a rate of 10 percent. Without the VAT, Ernest and Julio Gallo sell their Pinot Chardonnay to a wine distributor for $18 a case. But this tax will force the Gallo Bros. to raise the price of their wine to $20, to cover the $2 they will have to pay the government. The wine distributor then sells the Pinot Chardonnay...
...larger chunks out of the earnings of lower and middle class citizens than out of the incomes of the rich. Representative Ullman tries to mitigate this inequity by taxing necessities such as food, housing and clothing at a rate of only 5 per cent. Yet this still raises the price of necessities for the poor, and it certainly doesn't permit the VAT to escape condemnation as a wholly regressive form of taxation...
...Ward's Granny, who, with her growls and broomsticks, chases after the nerd. Since there is no such character in the original play, she is more free than most of the other characters to give her role an unconstrained interpretation. Her facial expressions are themselves almost worth the price of admission...
Diaghilev, By Richard Buckle (Atheneum. $22.95): For the same price you can take Amtrak--one way--to New York and see the Diaghilev exhibition at the Metropolitan Museum of Art. But what then will you put on your coffee table? Though it makes a great living room conversation-piece, Buckle's work is also a splendid introduction to the Diaghilevian/magnificence on which much of Russia's cultural accomplishments in the first third of this century were based...
Peter J. Gomes, Plummer Professor of Christian Morals, confided that the one present he could be bribed with is the complete Oxford English Dictionary. He added he had seen it in a bookstore for $404, but for "the best dictionary ever," it's a bargain at the price...