Word: wealth
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Dates: during 1980-1989
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Share the Wealth...
...Patricia Zobel had filed their legal challenge to Alaska's wealth distribution schemes as a class-action suit [Feb. 16], they would have quickly learned that others are in sympathy with them. Not all Alaskans are as greedy, cruel or constitutionally ignorant as those who have amused themselves by abusing this courageous couple...
...have powered Government economic and social policy for nearly half a century. The key assumption-which prevailed in practice, if not in rhetoric, through Republican as well as Democratic administrations-was that the people had to look to Government to ensure material prosperity and a reasonably fair distribution of wealth for all citizens. Thus the Government had to institute spending programs for the poor, and eventually the middle class, and expand them steadily. It had to devise a tax system aimed in part at shifting income from the affluent to the needy. It involved itself in everything from the maintenance...
...slashing zealot.) For a married couple, the 50% rate now applies only to that portion of taxable income above $60,000 a year. Under the President's plan, the 50% rate by 1984 would apply only to taxable income exceeding $215,000-a level of wealth claimed on only three-hundredths of 1% of all tax returns, according to Treasury Secretary Donald Regan...
...Poverty. Currently, 12.5% of Denver's residents use the program (the nationwide figure is 10%), which provides an average of $ 138 a month to 24,000 households. Denver is a boom town. Yet because it is an urban area with lots of poverty as well as wealth, as many as 60,000 people there now depend on the stamps. More than half the families have some form of income-Reagan proposes to cut the maximum income for eligibility from $14,000 to $11,000 a year-but at least 10,000 of them claim...