McGovern Plan on Redistribution of Wealth Part Five
A five part column on McGovern's economic plan argues his wealth redistribution proposal would grant every person a yearly $1000 payment funded by higher taxes on the rich, corporations, and individuals. It notes the measure could raise taxes for a family earning 12000 to 20000 dollars and suggests inflation concerns and political timing as factors shaping the proposal.
MENTIONED IN THIS ARTICLE
McGovern
Congress
McCavern
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Savings and loan plan promises monthly income
The letter notes a federally insured savings and loan program via the federal home loan bank system. It asserts accounts up to 20000 are protected, but warns the annuity nature means a fixed monthly check for the term and possible depletion if one lives long.
MENTIONED IN THIS ARTICLE
Federal Savings and Loan Insurance
Federal Home Loan Bank System
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