Word: wealth
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Dates: during 1980-1989
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...surprisingly, the flood of new wealth has begun to produce a Chinese version of the affluent society. At the Xiang Jiang state farm near Mao's birthplace in Hunan province, which was renowned a dozen years ago for its spartan housing and inadequate sanitation, TV antennas now protrude from rooftops and pop music blares from tape recorders. Local Party Secretary Qiu Huaisheng proudly points out that "of the 200 households, 126 have bought TV sets and 112 own cassette recorders." Sometimes, however, the peasants' purchases, as well as their entrepreneurial skills, are both illicit and posilively profligate. A group...
...figures have spawned protests from supporters of the Reagan tax cuts, including such leading supply-side theorists as Paul Craig Roberts, an economics professor at Georgetown University, and George Gilder, author of Wealth and Poverty and program director of the Manhattan Institute for Policy Research. They argue that the CBO figures are merely projections based on standard economic models and do not take into account the impact that tax cuts will have on the investment strategies of the wealthy. With tax rates reduced, the supply-siders say, the rich will move away from tax shelters and channel more of their...
...Creating Wealth, Allen...
John Harvard himself attended Emmanuel College at Cambridge University before emigrating to America in 1637. He inherited wealth from relatives, and died of tuberculosis at age 30 about a year after arriving...
...Administration pushes ahead on an ABM system, not only will it waste a huge slice of the nation's wealth, but it will also break one of the most successful arms control agreements in history: the ABM section of the 1972 SALT I treaty. Recent evidence indicating that the Soviets have violated certain provisions of the treaty still gives no justification for a complete US abrogation. Arms control agreements are few and far between in our conflict-ridden world. They provide a major source of stability at a time when U.S. U.S.S.R. relations...