Word: xiv
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Dates: during 1970-1979
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...levied with respect to the taxpayer's income; a "regressive" tax is one that is levied irrespective of the taxpayer's income. By failing to define these terms, Mr. Feinberg left himself free to associate "progressive" taxes with progress and social justice while associating "regressive" taxes with Louis XIV...
Like Louis XIV at Versailles, Long wields total power in the United States Senate. For over two decades, this Democrat of the Bourbon South has controlled the Senate Finance Committee like his own fiefdom. He thus personally approves every piece of legislation which touches what Harry Truman called, "the most sensitive nerve in the human body--the pocketbook nerve." Without a doubt, Long's VAT proposal will pinch the money nerves of all Americans...
...means to solve America's economic problems. The Louisiana Senator makes no attempt to hide his disdain for equitable taxes. Asked what he thought of the American income tax system, Long replied: "I think it is progressive to the point of being counter-productive." He prefers emulation Louis XIV by extracting onerous "taillies" from lower and middle income people. The VAT's hidden character may seem appealing to politicians, but its regressive nature will certainly prove costly to most Americans...
...Park or Kriangsak died or was driven from office, either would probably be replaced by yet another one of the generals from whose ranks both leaders came. The Philippines, however, has no credible mechanism to assure an orderly succession. Marcos' one-man rule recalls Louis XIV's declaration, "L 'état c 'est moi," and the warning sometimes attributed to Louis XV, "Après moi le déluge...
...France, Premier Raymond Barre is scrapping much of the policy, which dates back to Louis XIV, that the government should determine the amount of investment and fix prices. Controls on goods from bread to books, from steel to cars, have been freed. State-owned companies, which control more than 25% of France's economy, have been instructed to operate as if they were private enterprises by relying less on subsidies and making a determined effort to turn a profit...