Word: taxingly
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Dates: during 1970-1979
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...easily documented decline of productivity growth is attributed to a reduced rate of capital formation and diminished incentives to work. Excessive business and personal taxation are the depressants which produce these unfortunate results. In its extreme Kemp-Roth form, the damage to capital formation and work effort by the tax system is said to be so great that massive tax relief would create more supply than demand and lower inflation. This is indeed a counter-Keynesian conclusion since it associates a huge increase in fiscal stimulus with a reduction in inflation. The challenge to this school of supply economics...
...name of the game is capital, more power to it. That's the way it goes in capitalism. A tax-exempt entity can invest. The Jesuits started the Bank of America," Runyan says...
International Seafoods, Inc., is owned by members of the Unification Church and is a tax-paying business. And its local competitors and detractors claim that it has an unfair advantage in the market--it has the financial backing of a wealthy tax-exempt organization and "free labor." Alper says that either International Seafood's employees--all of whom are members of the church--are not paid, or they donate their wages back to the church...
...real issues here--the issues that are raising hackles from Gloucester's Kiwanis Club all the way to the House Sub-Committee on International Organizations--are the real objectives of Moon's business enterprises in America, and the extent to which the First Amendment and its tax-exempt priority are being abused...
...politics, business, and basic American principles. He's in an impossible position--as are all the critics of Moon and his associated business enterprises--because at every complaint about International Seafood's corporate advantages and "evil" connections, Barry may utter: "We have as much a right, as a tax-exempt institution, to invest in businesses. Why should we forfeit out Constitutional rights? Because we are 'Moonies?' Why did they call blacks 'niggers?' It's the 1979 version of 'Invasion of the Body Snatchers...