Word: avoidance
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Dates: during 1980-1989
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...generally choose when to take them. In a world with no taxes, an investor would trade one investment for another whenever he or she thought the new one would be more profitable. In the real world, people hold on to investments they would otherwise trade in order to avoid paying the tax. That makes the economy less efficient. A tax break for capital gains would reduce this so-called lock-in effect. (Although, please note, this is exactly the opposite of one argument usually heard for a capital-gains break -- that we need to encourage long-term investment.) What would...
...capital gains. If advocates of a capital-gains break wish to concede that they are socialists engaged in large-scale Government intervention in the economy, we can start again from the top on that basis. Of course, if we're talking socialism, it will be a lot harder to avoid the fairness issue...
...Shevardnadze said once again last week that NATO and the Warsaw Pact should eventually be dismantled. NATO Secretary-General Manfred Worner dismissed the suggestion as "a long-standing aim" of Soviet policy. Still, if there is no cold war to fight, it will be impossible at some point to avoid reconsidering the roles of the two military alliances. One of Worner's predecessors, Britain's Lord Ismay, said the goal of NATO was "to keep the Russians out, the Americans in and the Germans down." As the Soviet threat recedes, NATO could serve to keep the West Germans...
...Spectors' car swerves to avoid a boy who has darted out into the road, and nice Michael (James Woods) mutters to his nice wife Linda (Glenn Close), "Some people should not be allowed to have children!" He is voicing a common belief that those who are having the most kids can't raise them, and those who can afford kids aren't having them. O.K. then. Who should raise the first generation of 21st century teenagers? The healthy, efficient yuppies, who just might be able to fit a child into their Filofax schedules? Or the chain-smoking unmarrieds...
...Clark prefers to avoid any discussion of past tenure cases, and says his goal now is to meet the Law School's long-range target of hiring 12 new professors. And those professors, Clark says adamantly, will be academics for whom research is a priority...