Word: unfairness
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Dates: during 1980-1989
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...admit that Israel has done some wrong in the last two years. Yet to accept every accusation of civil and human rights abuses as if they were indisputable facts and to assume that Israel's great security risk need not have widespread implications is grossly unfair and intellectually dishonest. I do not desire to deny any and all wrongdoing by Israel--I only want intelligent people at Harvard to look up from their textbooks and see the real context in which things occur. That way maybe people will see the situation in the Middle East in its full moral...
...position. For example, the U.S. claims that our keiretsu-ka ((vertical integration)) of banks and other financial institutions is outrageous. I don't agree. It's an idiosyncrasy of the Japanese economy. But unless we make the structure of keiretsu-ka clear to all, the Japanese market remains very unfair to people who come from abroad to do business in Japan...
THAT'S right, scrap the entire Social Security program. Even if you believe (as I certainly do) that the U.S. government should provide income security to the elderly and disabled, you could scarcely devise a more unfair and inefficient way to do it than the Social Security system...
That honor goes to the regressive, unfair system of payroll taxes that pays for those benefits. All wage-earners in America are required to kick in 7.51 percent of their earnings (the FICA tax) to the Social Security system. Even those workers who are so poor that they are exempt from the federal income tax have to pay the full FICA tax--no exemptions or deductions...
...FICA tax is unfair not only to workers, but to their employers as well. Every business must match the FICA contributions of the workers on their payrolls, whether or not it makes a profit. So when profits are down, the incentive is all the greater to lay off workers...