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Jackson courageously has advocated increasing the tax rate for corporation and for the wealthiest Americans, has suggested withholding social security and Medicare benefits from the wealthy and has called for substantial and potentially destabilizing cuts in a host of weapons systems. But many economists, even Democratic economists, believe that this revenue will not be enough to pay for his domestic programs...

Author: By Andrew J. Bates, | Title: It's Time to Take Jesse Seriously | 4/5/1988 | See Source »

...agricultural supports. Too much of the price-support budget goes to the wealthiest farmers. During 1985, when $23.7 billion was distributed, only one- third of U.S. farms collected price supports; almost 70% of those payments went to farmers with annual sales of $100,000 or more. Former Delaware Governor Pete du Pont, a Republican presidential contender, proposes to wean farmers from income subsidies over five years, thus producing a $5 billion savings the first year and $75 billion in total. Agrees Harvard Economist Robert Reich: "The benefit of such aid is not as great as the social costs in failing...

Author: /time Magazine | Title: The Crash: Ways To Get Out from Under | 11/2/1987 | See Source »

Financial forms were due yesterday and aside from revealing that landlords are not bankrolling David J. Sullivan they showed that the wealthiest candidate was freshman Councilor William H. Walsh and that Mayor Walter J. Sullivan had the only financial support from Harvard administrators...

Author: By Martha A. Bridegam, | Title: David J. Not Bankrolled By Developers | 10/27/1987 | See Source »

...even proportionately larger tides of foreign investment without losing control of their national destiny. Says Economist Alan Rugman of the C.D. Howe Institute, a leading Canadian think tank: "We in Canada have much more foreign ownership than the U.S. will ever have, and we're one of the wealthiest countries in the world as a result." Even so, Canada has suffered through prolonged bouts of unhappiness concerning foreign influence within its $379.3 billion economy and has occasionally lashed back at foreign investors, at substantial cost...

Author: /time Magazine | Title: For Sale: America | 9/14/1987 | See Source »

...attorney hit his stride once he got into investing. Often underestimated by his opponents, the lanky Holmes a Court has since 1970 won control of transportation, entertainment, publishing, mining and petroleum concerns around the world. Today, with a net worth of some $250 million, he is reputedly Australia's wealthiest citizen. A reclusive investor, Holmes a Court prefers being at home with his wife Janet and four teenage children to hanging out at an executive watering hole. To relax, he plays chess against a computer. He owns an extensive collection of mostly Australian art and a stable of some...

Author: /time Magazine | Title: Jaws: The Australian | 7/27/1987 | See Source »

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