Word: result
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Dates: during 1980-1989
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...since Reagan became President. Middle-class salaries have simply fallen far short of the inflation in housing costs: today's average home buyer has to save 50% of / a full year's income just to put up the down payment, as opposed to 33% in 1978. As a result, those buying homes tend increasingly to be those lucky enough to have parents from whom they can borrow money. Then, when they need a bigger home to accommodate a growing family, often the best they can hope for is to inherit their parents' house rather than to build...
...taxes about tripled, to a top of $3,379.50 this year. The blow fell most heavily on the middle and lower classes, since the Social Security tax exempts the portion of wage and salary incomes above $45,000 a year and all income from interest, dividends and rent. The result: according to a Congressional Budget Office study, only the top 10% of the population received a significant net tax cut between 1977 and 1988; most of the other 90% paid a higher share of their incomes to Washington. At the extremes, the richest 1% got a net tax savings...
Which of these groups are better off economically as a result of Reagan's policies...
...jobs are barely above the minimum wage, and the 52,000 represents about a quarter of all the people who have been eligible. As workfare, it is all carrot, no stick; no one is faced with a benefit cutoff if he or she refuses to work. As a result, much of the hard-core Underclass is beyond the reach of ET. Those who get jobs tend to be those who have been employed in the past. Still, it is a start...
Aylwin said in a victory speech: "We reiterate our proposal to reach agreement with the armed forces on the terms of an institutional political change that would result in free elections quickly, and in a congress totally and freely elected...