Word: socialized
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Dates: during 1970-1979
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...wipe out the tiny democracy of Israel and take the little territory of the only Jewish homeland in a vast Arab area. Instead, why don't they work with Israel to master the scientific and technological realities of the 20th century and put them to use for their social and economic betterment...
...measures. But in the process, he alienated important blocs of voters. He broke a 1974 campaign pledge by increasing sales and income taxes after discovering a $450 million budget deficit. He angered organized labor by refusing to give pay raises to many state employees. He upset liberals by trimming social services...
...well, business investment in new plant and equipment is picking up a bit, and both should be spurred by the tax reduction of $16 billion to $18 billion a year that Congress is about to enact. In 1979, though, that cut will just about offset the impact of higher Social Security taxes and the erosion of both consumer and business purchasing power caused by inflation...
Laffer added up all the disincentives for the working poor. Employee Social Security taxes take 5.85% of wages; up to 10% goes to state and federal income taxes. Aid to families with dependent children, which amounts to $423 a month for a nonworking family of four, is progressively reduced by 35? to 50? for each dollar of wages earned. The rent subsidy for a family with no one employed is $273 a month for a three-bedroom apartment in an elevator building. If a family member takes a job, the subsidy is gradually lowered, to $110 a month...
TRADITIONALLY SECURE and docile public servents--such as teachers--are becoming increasingly politicized around the issues of wages, working conditions and ultimately control of state budgeting. Links are also developing between public servents and their clients--between teachers and parents, welfare workers and recipients, social workers and the disadvantaged...