Word: richness
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Dates: during 1930-1939
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...President that his Commerce Department's own Business Advisory Council had promulgated a tax revision program just like John Hanes's. What the President stuck for was the undistributed profits tax, a symbol to him of taxation-for-social control. Its aim is to force rich corporations to distribute earnings instead of keeping them in surplus. It also forces not-so-rich corporations to pay out, in dividends, earnings which they may need for capital expansion, or to pay debts, or as insurance against lean years. When Chairman Pat Harrison of the Senate Finance Committee managed to carve...
...President that his Commerce Department's own Business Advisory Council had promulgated a tax revision program just like John Hanes's. What the President stuck for was the undistributed profits tax, a symbol to him of taxation-for-social control. Its aim is to force rich corporations to distribute earnings instead of keeping them in surplus. It also forces not-so-rich corporations to pay out, in dividends, earnings which they may need for capital expansion, or to pay debts, or as insurance against lean years. When Chairman Pat Harrison of the Senate Finance Committee managed to carve...
...When soft coal labor negotiations reached a crucial deadlock the President called operators and miners to the White House. As a prelude to ordering them to reach agreement (see p. 20), he reminded them that a lot of his family's money came from coal. His rich Grandfather Warren Delano had anthracite holdings in eastern Pennsylvania, where there is still a ghost town named Delano. As a young husband in 1908 he rode horseback with his uncle, another Warren Delano, over the Cumberland ridges of Virginia to inspect bituminous properties in Kentucky's Harlan County, later...
Before the World War Germany was a rich creditor nation, with an estimated 35 billion marks invested abroad. Although she imported more than she exported, income from this overseas capital and revenues from a merchant marine second only to England's were more than enough to make up the difference. To back a note circulation of 1,800,000,000 marks the Reichsbank held 1,370,000,000 marks in gold-double the coverage considered normal in 1914. Another two billion marks in gold currency were in circulation among the people. These liquid reserves made it easy for Germany...
Once more, it is vicious because of the rich man, poor man problem. There is a premium on the long purse; and Mammon has his share in dictating grades. The financially less able scholar is given an unfair handicap in the contest with a wealthy competitor. Sentiment on this score is intense and vigorous...