Newspaper Page Text
— Griffin Dally News Monday, October 31,1977
Page 14
Business mirror
National Dividend Plan
gaining strong support
By JOHN CUNNIFF
AP Business Analyst
NEW YORK (AP) - So you
think the nation’s corporations
are making too much money.
You’ve heard of windfalls, rip
offs, lining the pockets. Okay,
how would you like to be cut in
on the profits?
This is exactly what a good
many people, especially John
H. Perry Jr., would like to do.
Perry, inventor-businessman
and former publisher, thinks it
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would cure a lot of ills.
Such as: the estrangement of
millions from the free enter
prise system, economic misun
derstanding, apathy of voters,
the big federal deficits, the
growth of government bureau
cracy, the perils of inflation.
It isn’t quite that simple — but
almost. It involves a plan, the
National Dividend Plan, con
ceived by Perry, beginning
while he was a college student,
published in book form in 1964,
and refined and developed since
then.
The NDP has attracted the
attention and advocacy of con
gressmen, corporation execu
tives, liberals, conservatives,
academecians, and rather
recently a former astronaut,
Col. Alfred Worden, who re
turned from space convinced
that America’s economic health
was as big a challenge.
What attracted Worden and
others is the plan’s systems ap
proach. It doesn’t seek piece
meal improvements but a vast
overhaul instead, with the moti
vation arising from the en
thusiasm of the populace.
In brief, this is Perry’s plan:
Funds earned by the nation’s
corporations and paid by them
in federal income taxes would
be designated as a National
Dividend, distributed through
local banking systems to each
registered voter on a per capita
basis.
All dividends, amounting to
about $750 per voter, would be
tax free. The level of corporate
income tax would be capped at
50 per cent. A moratorium
would be declared on any new
major federal spending plans
during a five-year phase-in of
the plan.
Another feature was added
recently after a seminar on the
subject at Harvard Business
School. It would require any
federal deficit be deducted from
the annual dividend before
distribution to voters.
Revolutionary? In a certain
perspective, yes. But Perry
maintains it is really a return
ing of America to Americans,
providing them with an eco
nomic constitution.
And what will all this accom
plish? Be forewarned that the
list is impressively long.
It would, says Perry, involve
people in the economic system,
encourage voter participation,
raise the level of economic un
derstanding, help business raise
capital and create jobs, place
voters on the side of free enter
prise, reduce welfare rolls, put
government on a pay-as-you-go
basis.
That’s just part of the story. It
would also, says Perry, tend to
end deficit spending (since the
deficit would come out of the
dividend), encourage the
positive support of Americans
against inflation, restore con
fidence in the dollar.
But still there is more, and
Perry sums it up with the ob
servations that “the plans
uniqueness is that the rich work
for the poor,” and that it har
nesses the vast energy of
Americans to create wealth
rather than deplete assets.
Is it a panacea or a placebo?
On first exposure, many people
are skeptical, but some
profound economic minds have
studied the concept and have
become converts. Everyone
looks for holes; few find them.
Officials back bonds
Frank Thomas, vice chairman of the Spalding County
Commissioners, and Virginia Shapard, state senator, who
lives in Spalding, have endorsed the school bond issue.
Both expressed their support in separate open letters to
the citizens of the community.
Voters will decide the matter Nov. 8.
Dear Abby
\Wz
Many contend for
cheapness award
By Abigail Van Buren
© 1977 by The Chicago Trlbone-N.Y.News Synd. Inc.
DEAR ABBY: This is in regard to the unhappy wife
whose husband always gives her unsigned greeting cards
on special occasions.
He sounds like my husband. One year he gave me a
birthday card with a $lO check in it. On the card he wrote,
“Put this away for us to use on our vacation.”
Can anybody top this for cheapness?
WONDERING
DEAR WONDERING: Yes. Read on for three toppers:
DEAR ABBY: For Mother’s Day my big-hearted
husband gave me a check for SSO and asked me not to cash
it until after June 1. Well, I waited until June 5 to cash it,
but it bounced anyway!
PORTLAND, ORE.
DEAR ABBY: A friend of mine told me that on her
birthday her mother instructed her to go to the desk and
get out the box of handy “all-birthdays,” read it, and then
put it back in the box!
HYSTERICAL
DEAR ABBY: How’s this for a "generous” anniversary
present from a loved one. Just before our 10th anniversary,
my husband asked to borrow SIOO so he could buy me
something really special. I gave it to him, but I never saw
that “something special”—and I never saw my SIOO again,
either.
(P.S. He’s not my husband anymore.)
GOOD RIDDANCE
DEAR ABBY: What is my obligation to a woman, 30
years my senior, who is ignorant, petty, vicious,
demanding, selfish and obnoxious? She lives nearby and
does not leave me alone for one day. Everyone in the
family visits her for five minutes and runs. She is my
mother-in-law, and I cannot stand her!
STUCK
DEAR STUCK: Get help, dear. All that hostility,
bitterness and resentment is doing YOU more harm than
the object of your hatred.
DEAR READERS: To illustrate how much times have
changed in the past 50 years, this item appeared in the
Milwaukee Sentinel in 1927.
“MILWAUKEE—The Marquette University dean of
men has announced a ban on private apartments for
men.’First thing we know,’ he said, ‘these apartment
dwellers invite in some girls for a party, and trouble
follows.’ Girls must present excuses if out after 11 p.m.,
the dean of women announced, but otherwise will have
plenty of freedom. They may wear short skirts and apply
rouge as their consciences dictate.”
Everyone has a problem. What’s yours? For a personal
reply, write to ABBY: Box, No. 69700, L.A., Calif. 90069.
Enclose stamped, self-addressed envelope, please.
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Thirty-two Crompton-Highland employees were honored in October for completing an
niversaries. These employees represented 393 years of service to the company. Four em
ployees received S-year awards. They are Brady Crowder (above, 1), Nellie Flynt (center),
Diane Buchanan (r) and Muriel Waits (not pictured) received a 10-year award.
Mrs. Pitts promoted at Bleachery
Mrs. Vivian Carter Pitts has
been promoted to training
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Mrs. Vivian Pitts
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supervisor at Lowell Bleachery
South.
The promotion was part of an
expansion program that has
increased employment and
production.
Before the promotion, Roney
Conkle was training supervisor
as well as head of the packing
department. Conkle will devote
full time to the packing
department now.
Mrs. Pitts, a native of Pike
County, has been hemming
instructor for 10 years at
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: 1020 W. Taylor St 1109 Memorial Dr. :
Dundee. Earlier this year she
was honored as Instructor of the
Year by the Georgia Society of
Textile Training and
Development.
Mrs. Pitts and her husband, J.
B. Pitts, live at 318 Leola Dr.
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