Word: transfer
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Dates: during 1980-1989
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John L. Larew's article on social security is persuasive. The wealthy benefit, since the benefits go to everyone, so the poor get less. In all, there is an inter-generational transfer of wealth...
Lawmakers who retire after 1993 will also be forbidden to transfer campaign contributions into personal funds; such transfers can total hundreds of thousands of dollars. Congressmen will not be allowed to accept gifts worth more than $200, and where some members now spend several weeks or more on expenses-paid voyages around the globe, their paid junkets will be limited to four days in the U.S. and seven overseas. It was the most extensive revision of ethics rules in more than a decade...
Donating the money would detract from the fast because "the point is not to transfer money, but [instead] not to eat," said Noam Bramson '91, formerly vice-chair of the council...
...much other income they receive. These benefits are financed by payroll taxes on workers currently in the work force. That is, retirees are not just getting back money that they have paid into a trust fund. Social Security is not a savings plan, but a massive intergenerational transfer of wealth...
...candidates Kenneth E. Reeves '72 and Jonathan S. Myers each received about 80 of Wolf's transfer votes. Vying with them for the seventh, eighth and ninth council seats are Independents Sheila T. Russell and Alfred W. LaRosa...