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Dates: during 1990-1990
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Porter's plan might also negate one of the most important advantages of the current system: higher rates of return to low-income workers. In the present setup, minimum-wage earners who contribute to Social Security over a full work life receive benefits of about 60% of their average monthly earnings before retirement. But workers who earn the maximum amount subject to Social Security taxes get benefits of about 27% of monthly earnings. Such redistributive payments are badly needed by most Social Security recipients, despite the overall increase in wealth among those 65 or older. A 1984 federal study shows...

Author: /time Magazine | Title: Dirty Little Secret | 2/19/1990 | See Source »

...rulers and then returned to their homes, where eight of the nine were promptly arrested. The fact that the heirs of this absurd little group actually did overthrow the Russian government not 22 years later was due largely to the malign genius of one man who wasn't even present at the Minsk meeting: Vladimir Ulyanov, who called himself Lenin (also at various times Meyer, Richter and Jordanov...

Author: /time Magazine | Title: Headed for The Dustheap | 2/19/1990 | See Source »

...HAVE BROUGHT THE MOTHERLAND TO AN AWFUL STATE, TURNING IT FROM AN EMPIRE ADMIRED THROUGHOUT THE WORLD TO A STATE WITH AN INGLORIOUS PRESENT AND INDEFINITE FUTURE...

Author: /time Magazine | Title: Let The Parties Begin | 2/19/1990 | See Source »

...purpose, he said, "to dramatize the situation and impart a tragic character" to the fateful decisions facing the plenum, but "the party will be able to fulfill its mission as a political vanguard only if it drastically restructures itself, masters the art of political work in present conditions and succeeds in cooperating with all forces committed to perestroika." No burst of thunderous applause greeted the end of his hour-long speech. After enduring a gauntlet of criticism at a plenum last December, Gorbachev was prepared to play to a tough audience again, with one major difference -- this time, a full...

Author: /time Magazine | Title: Let The Parties Begin | 2/19/1990 | See Source »

Gorbachev also wants a new, streamlined Central Committee, "working on a permanent basis" with only 200 voting members, instead of the present 249 voting and 108 nonvoting members. He also spoke out against electing members simply because they held important posts, terming the practice an "expression of the party-and-state system of power." The proposed arithmetic had its critics, most notably Ambassador to Poland Vladimir Brovikov, who sarcastically wondered whether "democracy within the party will decline if there are 500 people in the hall instead of the 200 suggested in the document." But Victor Lomin, one of the visiting...

Author: /time Magazine | Title: Let The Parties Begin | 2/19/1990 | See Source »

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