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...theory behind supply-side economics is quite simple. As Kemp explained himself, taxation reduces hard work and serious effort, vigor and enterprise. He continues that subsidization encourages waste and frivolous spending, inefficiency and sloth. Current policy makers propose that reducing the tax burden on America's middle and industrial classes will spur greater work effort, and induce the affluent to save a greater part of their incomes. Supply-side theorists pin the country's exorbitant inflation and interest rates to the failure in recent years of businesses to invest in modern plants and equipment. Their unwillingness to proceed with technological...

Author: By Siddhartha Mazumdar, | Title: When the Ax Comes Down | 4/3/1981 | See Source »

...both spending and taxes, and any legislator who tries to keep the ax from falling risks putting his own neck under an ax at the polls. But the warning did not prevent opponents in and out of Congress, some of whom had initially seemed stunned into silence by the vigor of Reagan's budget blitz, from recovering their voices. Though Reagan still seems likely to win a great deal of what he wants, it will only be after a fight in which some of his specific proposals could be substantially reshaped...

Author: /time Magazine | Title: When the Cheering Died | 3/23/1981 | See Source »

...heartfelt doubts and objections aroused by Reagan's program, the President's landslide election victory and the speed and vigor with which his aides have put together a comprehensive budget program have transformed the political climate. There will be loud and bruising fights, but they will not be about whether to cut spending, nor even primarily how deeply to cut, but simply where...

Author: /time Magazine | Title: When the Cheering Died | 3/23/1981 | See Source »

...proof positive that a year can matter. These kids may be cloning frogs for fun during the afternoon but at night they're all trying to bluff their way into 33 Dunster St. with fake I.D. cards. Either that or chasing members of the opposite sex with a vigor that makes the Freshman Mixer look like a 50th reunion cocktail party...

Author: By William E. Mckibben, | Title: The City in the Off Season | 3/17/1981 | See Source »

Kinski' Tess, like the film itself, lacks vigor. Her naivete digresses into weakness. Yes, Tess is a hopeless victim of an indifferent universe, but Hardy's character possessed a spiritual fortitude that vanishes in Kinski's performance. When Tess finally tries to seize control of her life, to alter her Fate, we cannot believe the aggressiveness of her action. Kinski can't change the overall tone of her performance after nearly three hours of teary timidity...

Author: By Jacob V. Lamar, | Title: Polanski Prettified | 2/27/1981 | See Source »

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