Word: vcr
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Times have changed. Today the issue is not whether visual education (via flickering projector or state-of-the-art VCR) can stimulate students. The question is who should do the stimulating, and at what cost. With the debut of a controversial newscast for teenagers, a fierce battle has been joined over TV in the classroom...
...Cabot Grill, for example, has an adjoining room which contains a pool table, a ping-pong table, three arcade games, a Foosball machine and a piano. The large-screen TV and VCR are in another room...
...goal: to encourage investment and thus help America grow. But it doesn't. The rich already invest most of their money. What else are they going to do with it? Mr. Bush's broad capital-gains cut would not persuade the rich -- or anyone else -- to forgo a second VCR and invest that $300 instead. Yet that's exactly the kind of persuasion America needs these days: less consumption, more investment...
Under Mr. Bush's plan, the great middle class would supposedly be lured to invest because after that $300 had grown by $200, say, the tax on the gain would be $15 or $20 lower. "Honey! Forget the VCR! The President says that if things work out with our investment, we could save $20 on our 1996 taxes!" (Bush's other proposal -- the family-savings plan -- would mainly encourage people to move money from their current savings accounts into these new ones...
Liberalizing the limits on Individual Retirement Account contributions, by contrast, would give the typical middle-class taxpayer an immediate $85-to- $115 tax break for choosing the IRA over the VCR, depending on local tax savings...