Word: rating
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
Every year for the past five years Faculty Council members have listened while Dean Rosovsky's special assistant reads the annual affirmative action report. And every year they have heard the same problem: the University is recruiting women and minorities at a respectable rate at the non-tenured level, but in the tenured ranks, women and minorities are still inadequately represented...
...enacted, the VAT will tax the values added to all goods at each stage of the production and sales process. Every time a manufacturer or entrepreneur raises the price of a product, the government will tax this added value at a rate of 10 percent. Without the VAT, Ernest and Julio Gallo sell their Pinot Chardonnay to a wine distributor for $18 a case. But this tax will force the Gallo Bros. to raise the price of their wine to $20, to cover the $2 they will have to pay the government. The wine distributor then sells the Pinot Chardonnay...
...taxing consumption, the VAT insures that government will take larger chunks out of the earnings of lower and middle class citizens than out of the incomes of the rich. Representative Ullman tries to mitigate this inequity by taxing necessities such as food, housing and clothing at a rate of only 5 per cent. Yet this still raises the price of necessities for the poor, and it certainly doesn't permit the VAT to escape condemnation as a wholly regressive form of taxation...
LONG AND ULLMAN correctly calculate that an attack on our falling rate of productivity strikes at the core of America's economic woes. Yet the VAT leads this attack in a painfully misdirected way. There's no reason why the incentives for savings must come from a regressive consumption tax. As long as federal regulations limit banks' interest rates on savings accounts to 5.75% while inflation runs well over double that rate, it will make no sense for consumers to save large parts of their incomes. If the government wants Americans to save money, it must eliminate these interest ceilings...
William J. Skocpol, associate professor of Physics and a Faculty Council member, said yesterday Rosovsky's steps are "useful, but may not be adequate" to increase significantly the rate of affirmative action recruitment...