Social Security saps savings and hurts the wage earner
The article argues Social Security fails its mandate by eroding saving incentives. It cites rising payroll taxes, shrinking personal saving, and the shift of benefits to wealthier retirees, predicting automatic tax hikes tied to living costs and future young workers paying more for diminishing value. It asks how the system became a barrier to security, labeling Milton Friedman’s view as a crushing defeat for the average wage earner and hinting at a forthcoming piece titled A $262,000 Mistake.
MENTIONED IN THIS ARTICLE
Social Security Administration
University of California
Peter Somers
Social Security
U.S
University Chicago
Milton Friedman
Friedman
Illinois Department of Insurance
Illinois
Newport Jazz Festival revival eyed for Labor Day weekend
Promoter Frank J. Russo hopes to revive the Newport Jazz Festival as a three day tribute to Duke Ellington over Labor Day weekend with stars like Ray Charles Ella Fitzgerald Stan Getz Count Basie Dizzy Gillespie Sammy Davis Jr Liza Minnelli and Ellingtons band. Proceeds would fund an Ellington scholarship and Fort Adams State Park is eyed for security.
MENTIONED IN THIS ARTICLE
Newport, R.I
UPI
Duke Ellington
Frank J. Russo
Ray Charles
Ella Fitzgerald
Stan Getz
Count Basie
Dizzie Gillespie
Sammy Davis Jr
Liza Minelli
Ellington
Russo
Newport
Jerimiah D. Sullivan
Sullivan
Old Field
Dennis J. Murphy
Natural Resources
Navy
Fort Adams
Murphy
Narragansett Race Track
Pawtucket
Experts warn don’t swim after eating or drinking
Johns Hopkins researchers Dietz and Baker report that in Maryland 1968 to 1972 nearly half of adult drownings involved alcohol. They analyzed 1972 cases, finding 47 percent of Baltimore adult drownings had alcohol, and estimate about 6,500 U.S. drownings annually involve drinking.
MENTIONED IN THIS ARTICLE
AL Rossiter Jr
Washington
UPI
Johns Hopkins University
Baltimore
Maryland
Park E. Dietz
Susan P. Baker
American Journal of Public Health
United States
Part-time minister doubles as millionaire motel executive
Bobby Dollar, a 42 year old part time Baptist preacher and vice president for franchise sales at a fast growing budget motel chain, says he balances pulpit duties with a booming real estate business. The Georgia man has surpassed his 1965 million dollar net worth goal, runs 162 inns with 79 under construction in 33 states, and funds a Mercer University investment program with annual 1000 dollar gifts while reinvesting earnings.
MENTIONED IN THIS ARTICLE
Macon, Ga
UPI
Bobby Dollar
Dollar
Oakwood Baptist Church
Gainesville
Days Inn of America
Day
Budget Motel
Mercer University
Mercer
Vermont highway bids sought for junkyard fence screening
Department of Highways invites sealed bids for erecting screening fences at about 8 junkyard sites across Vermont. Bids due 11:00 AM EDST Friday June 21 1974 at 133 State Street Montpelier. Bid forms available from state and district highway engineers. price and timing subject to 24 hour postponement for emergencies.
MENTIONED IN THIS ARTICLE
Department OF Highways
Montpelier
Vermont
State Street
J.D. Clifford
Brattleboro
M. VanKleef
Rutland
F.E. Aldrich
White River Junction
D.H. Remick
Colchester
R.F. Nicholson
H.F. Elder
St. Johnsbury
F.P. Round
Newport
Also Mentioned on This Page
Fort Adams State Park
Festival Field
Cr Builders
U.S. Navy
North Adams
Mass
America
Cecil Day
Petiit
Monument Plaza Shopping Center
Berkshire Plaza
North Adams of
North Adams, Mass
State OF Vermont
Ennington
Helen T. Coxsee
Eva Thibeault
Bennington County
Marcel Thibeault
V.R.C.P
Bennington Banner
Bennington
Patrick R. Berg, Esq
Vermont Legal Aid, Inc
Merchants Row
County of
State of
Franklin Billings Jr
Howard C
Estes
Clyde H. Bryant
Bennington County Court
John T. Gray
Troy Area
Scot Sport Motors
Renault & Indian Sales & Service
North Street
Bennington Ford
Thurber’s
Pleasant St
N. Benn. Rd
BMW
FIAT
Peugeot
Ott & Berger i Inc
No. Hoosac Road
Williamstown
Mercedes Benz
Ott & Berger, Inc
Williamstown, Mass
Walter L. Barber
Pontiac-Buick
Northside Drive
Hickey Ford Sales Inc. RT
Troy, N.Y
Ford
Ford Trucks
Volvo
Saab
Jaguar
Land Rover
Auto Agencies
Miner's Garage
Ben Mont
Body Man
Central Auto Supply
Monument Motors Inc
Volkswagen
Williams & Bugbee
Dodge
American Motors
Dodge Trucks
International Harvester Trucks
East Main
Paulin's
Chrysler
Plymouth
Shaftsbury
Latham
MAZDA
N.Y
Bill Hogan
Chevrolet
Cadillac
F.E.T
South ST. Bennington
County St
Call
Dwyer’s
Gulf
International Harvester
Fisher
West Dover
ACE and Aristocrat
Calais
Berkshire Campers
Route
Adams
Pach and Bultaco
Raymertown
Troy-Bennington Road
Schwinn Bicycles and Accessories
Giard's Bike Shop
Depot Street
Business World, Inc
Prouty's
Vail Road
Blondie
MR. Beasley
By Chi Young
By Charles Schulz
Johnny Hart
Steve Canyon
Bitsy
General Philerie
Canyon
Granbay Garrison
Garrison
Mikon Caniff
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