Word: returns
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Dates: during 1980-1989
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...Since we're licensed by the state to work in our profession, and members provide valuable services and are well compensated, it's the least we can do to return that to the society that makes it possible," Deutch says...
Proposition 2--in some form--is one such refinement that merits additional investigation. Now, families who rent out their houses while they go abroad have a hard time reclaiming them when they return--because the rent is controlled. Proposition 2 solves the problem by exempting private home rentals from rent control altogether, but a more equitable arrangement could allow greater flexibility for families who wish to reclaim their homes...
...Will you return to civilian rule in 1990 as you promised...
...ignores inflation. If a stock has doubled during a time when the general price level has also doubled, the real profit is zero, but you'll pay a capital- gains tax anyway when you sell. Of course, the same is true of interest -- an 8% return on a money-market fund at a time of 5% inflation is really only 3% -- but no one is proposing to do anything about that. Furthermore, no one is proposing to limit the deduction for interest paid. In a world with no taxes, it would not make sense to borrow...
This, she said, was "the universal" element, and she would return with "the specific" to balance...