Word: richest
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Dates: during 1980-1989
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Within the United States today, the richest one percent of the population now owns over half the wealth in this country and the richest 10 percent owns over 80 percent of the wealth (excluding home ownership). The gap between the rich and the poor is growing wider. Further, with the recent "merger mania" and the incredible growth of huge, multinational corporations, a handful of corporate executives now exercise unprecedented power over the economic life of the nation...
...high school dropout who emigrated from England as a boy, Bond had come up the hard way, fueled by an insatiable drive to acquire, combine, take over. At 49 he was one of the richest men in Australia. He controlled an empire of assets under the umbrella of his holding company, Bond Corporation Holdings Ltd.: television stations, retailing, minerals and breweries around the world. He had even figured out a way of selling nonalcoholic beer to Muslims in the Middle East. Everything about him was on a large scale -- his ambitions, his capacity for risk, his appetite for publicity. Also...
Last year, 23 percent of the value of mortgage interest deductions went to the two percent of taxpayers with incomes greater than $100,000. A 1981 study by the Congressional Budget Office shows three-fourths of the benefits go to the richest fifth of taxpayers...
...start with, the mortgage interest deduction has the National Association of Realtors (NAR), one of the richest and most powerful lobbies in the nation, steadfastly behind it. When former Treasury Secretary Donald T. Regan's tax reform plan proposed eliminating the the mortgage interest deduction for vacation homes, NAR president David Roberts denounced it as a prescription for "less growth in the American standard of living and a lower quality of life...
Every country has its rich and poor, but in Latin America the gap between them is especially vast and is growing worse. The richest 20% of families enjoy a more extravagant life-style than that of the upper class in such industrialized countries as the U.S. and Japan. On the other side is an enormous group, 60% to 80% of the population, whose situation is approaching the despair of sub-Saharan Africa or Bangladesh. Of Argentina's 32 million citizens, close to 10 million are below the poverty line (a family income of less than $100 a month...