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Show Y C t i . I P im- E HERALD- Provo. - wan America s Vforcers Support increasing Retirees? m m M NEW YORK (UPI ) If present dod- Drucker and Levy agree it is imulation trends continue and the Social perative that persons over 65 be enSecurity law is not changed by 1995 couraged to keep on working by removbe will only two working adults in ing the present restrictions on the there the United States to support each older amount they are permitted to earn person, says economist Peter Drucker. while drawing Social Security benefits. Drucker says that will be an inOther proposals include: tolerable burden. -- Raising the age for the start of He says the ratio is already down to Social benefits to 68 from 65. Security three to one. It was 11 to one when the This is being advanced by President Social Security Act was passed in 1935. Carter's Commission on Pension Further, the April issue of American Policy. But Drucker said in an article Demographics predicts the 1980 census published in December that it is will show that senior citizens already to try to discourage retirement are on the verge of outnumbering or postpone it forcibly. On the conteenagers. trary, he said, the public is demanding A lot of other economists, busines more flexible retirement rules. smen and politicians are starting to A proposal to tax at least part of worry about how many more retirees Social Security benefits, which presentAmerican workers under 65 can afford ly are tax exempt under a 1941 ruling of to support. the IRS rather than by act of Congress. This has given rise to a flood of Levy estimates that could bring the proposals for heading off the crisis Treasury about $7 billion a year. But he foreseen Dy urucker and such says it is possible that only about 14 economists as Mickey Levy of the million of the 35 million current Social American Enterprise Institute in Security recipients would have to pay Washington, a relatively conservative any income tax on their benefits. The rival of the liberal Brookings rest have too low incomes (under $7,400 for a couple for example). B Ley favors ultimately taxing Social Security retirement benefits at full income tax rates but said this probably would have to be done in phases The president's Advisory Council on Social Security recommended last year that half of Social Security benefits be subjected to income tax. For persons with substantial other income, making Social Security benefits taxable would 'nean putting them in a higher tax bracket -- Making payments by workers into Social Security funds deductible from the federal income tax as other taxes are Levy says this probably would cost the Treasury $9 5 billion a year but that cost would be vastly outweighed by the relief it would give the working population from the burden of supporting the elderly. In the matter of encouraging persons over 65 to continue working, the big stumbling block is that so many of these persons do not want to work full time. Yet if they take part time work, they are limited to earning $5,000 a year. Above that, they lose $1 in Social Security benefits for every $2 earned. The limit is to be raised to He even sueeests encouramnr persons drawing Social Security to Persons over 72 can draw full Social work part time by increasing "their Security benefits and work full time benefits a little as a reward instead of without pav limits This age will be penalizing them A lot of lowered to 70 in 1982 present customs and red tape Drucker claims the threat to the barriers ought to be changed to relieve Social Security system would not have the burden on the young and middle developed and the burden on the workaged of supporting so many older ing populace of supporting retired persons, he said I'mon seniority rules persons would not have become so should be revised to permit laying off grest if the fixed 65 retirement age had some older workers iemporanly innot been written into the law in 1935 stead of penalizing younger workers that wav The original law, he says, should The older workers could draw their have provided for a flexible age for starting retirement benefits based on pension benefits while waitng to be recalled changing life expectancy and changing William M Mercer. Inc., a New York working conditions He claims that in 1980. age 75 really corresponds to age pension consulting firm that is part of the Marsh & McLennan insurance com65 in functional and demographic terms bine, says an important element in the among Americans of 1935 He notes there is much less arduous problem of supporting elderly persons is maintenance of the supplementary' phvsical work today than there was is not then. In addition, many Americans private pension svstem. which to16 15 while or then started work at day most persons are still in school un& til 18 or even longer for those who attend college. Safe on all $6,000 in a boarding house at the time, has left an account of how General Ross and Admiral Coekburn ate dinner by the light of the flames. Rhodes tavern is not attractive. Cracked stucco covers the red brick. A newstand a souvenir shop and a fruit store are on the ground floor. The upper two floors sit collecting debris. The north half was torn down in 1959 to make way for a bank branch. Oliver Carr has emproject that would consume most of the square block, including Rhodes Tavern. Carr's project manager Arthur Hanket, said the firm agreed to save Developer barked on a Rhodes tavern sits at the southwest corner of 15th and F Streets Northwest, just across the street from the Department of Treasury. It was built according to George Washington's guidelines about 1800, originally an townhouse. redbrick Federal-styl- e It was the tavern from which the British commander directed the burning of the White House and Treasury in 1814. Mrs. Barbara Suter who ran it as Win Grano argues that the 60,000 square feet of space Carr is gaining through the extra floors and the alley would provide far more money for the developer than he would lose if Rhodes Tavern, which has 1,894 square feet is saved. Grano has at least a couple of plans of attack. One is to appeal to the courts. Another is to go to the citv council. $77 million 1 fabrics Up to 10 times more cleaning power than other methods Dries faster Fully trained operator with over 5 years full time experience The council already has approved Carr's request to add three extra floors to the project. The council also must consider Carr's request to close down an alley at no cost. moved. 39 Upholstery Cleaning Carpet agreed two years ago to try to raise $600 000 to restore Rhodes as a working tavern. But on Feb. 11 Carol Thompson the agent of District of Columbia Mayor Marion Barry, said that Carr's project was of special merit" and Rhodes Tavern could be torn down or Itah-P- ag but which provides extra pension protection for about half the nation's working force. The Mercer company concedes that Social Security will have to be the dominant system in the future. Some individual company private pension plans do pav liberally indexed urnefiis but these are old companies whose plans were started manv years in ago prosperous times and have bu.it up enormous assets. But Mercer says only the Social Security can index rapidly on a large scale for inflat; n and increase pension benefit paym. n:s and do it regularly. In a bulletin entitled. "Will Common Sense Prevail""" the Mercer coni uy says far too many critics of pn te pensions wno are lacking in bus. ess experience are urging an over-- r rid' and unwise expansion of the S -- al Security system to the detrimer of private pension systems 1982 Rhodes Tavern May Fall to the Wreckers - WASHINGTON The (UPI) British officers, the story goes, sat in Rhodes tavern and ate dinner lighted by the flames that were destroying the White House two blocks away. Now, a developer wants to tear down Rhodes tavern, the oldest commercial building in downtown Washington, and build a multimil-lio- n dollar shopping complex. Time is running out for Joseph Grano, 34, a lawyer who quit a government job to try to save the tavern, and a band of other history lovers. - Any 2 ROOMS 8 II I I I I I I Eosy to handle dP & Operate Also upholstery 165 AC Kl TJ FREE Pick-u- & delivery p Call 8 Steamliner K80 noon 2 a.m.-1- April 30, 224-678- 6 Metropolitan Bank and the Keih's building as well as the interior of the Old Ebbitt Grill, a turn of the century taproom. All of the buildings including Rhodes tavern and the interior of Old Ebbitt, have been listed in the National Register of Historic Places since 1969. The Junior League of America 0 Theater-Albe- e I HOME 2J 1E IMPROVEMENT SUPERMART OAINT and wallpaper in n at Bridge An i SALE ' i t) Reverse Is Forcing Rebid In modern bidding, when you open me club and rebid two hearts or diamonds after partner responds one spade you have madee a reverse bid i i i iwnicn is a iorce ana snouia show at least a full king above a minimum opening. .Here is a good example. You hold S - i:t Incidentally, when and if you do pass at two hearts and it turns out that sartner's hand is something like S - A 4 H - K Q J 10 7 6 D - Q 2 C - 5 4 2 and he wraps up 11 tricks and then says, You reversed! How could you pass!" you have heard something similar to what is brought up time and time again. The true reverse by opener is just a d force. A further bid is not promised and there was no reason for this responder to fail to jump to three or four hearts. Suppose you open one club with S - 8 3 u one-rou- 6. You have a sound opening bid with only one of the minor-su- it kings. If partner responds one spade, you can well afford to reverse to two diamonds. If he rebids two spades you just bid four. If he rebids two hearts you can bid either two or three spades depending on whether you are an optimist or a pessimist. If he bids two notrump, three dubs or three diamonds you bid three pades. You can also reverse if the response is one heart, but here you will plan to pass if he just goes back to two hearts. Mot that you are happy here, but probably two hearts is the best place to stop. mm ELEGANT DURABLE MOSAIC TILE FLOOR TILE PATTERN! COLORS! WONT STAIN! EASY-CLEA- one-spa- should you rebid after a response? Two clubs is slightly better than one notrump. Do not consider a one-hea- rt 0 GREAT CHOICE GLEAMING CERAMIC TILE . m .in in ll V CM FLOOR TILE NO WAXING! HIGH SHINE! SELF-STIC- FINISHES! K! PRICE 8" CARPET TILE Top quality upholstered line available by special order 6" X htf Lriir SELF-STIC- K W8" p Mr, 6V 516 X X lm FLOOR TILE SELF-STIC- K . EASY TO INSTALL! . GREAT PATTERN! . FOAM-BACKE- 4 D! till , VT 'A il' tMfc' CORK WALL TILE e & X SS SUPER-DURABL- E! WASHABLE! P! OUR PRICE QUICK-DR- , OUR PRICE, FROM ir ir ir ir 2171 WE SELL ONLY 1ST QUALITY ELEGANT BRIK' WALL VANITIES HUGE SELECTION IN STOCK! CULTURED MARBLE LOOK & FEEL OF BRICK! - CUSTOM TINT FLAT fell TILE TOP! R00MV BASE! INSULATION! NATURAL SEMI-GLO- LAI tA CLEAN-U- .l A PRICE U HELP YOU nEP.flRATF WATER SUPER TOUGH. OUR mm--- LET US LATEX DELUXE SOAP LONG-WEARIN- G! , 21? WITH COLOR! 516" X VINYLS D 3 PRICE DURABLE OLEFIN! nrOICTC CTAINSl loveseats sofas VINYLS KCHUI IU WALK ON! car NOW AT THE WOOD HOUSE chairs ottomans LUoinuuo & WASHABLE! smmsL I0AK PARQUET ARSHINE PRE-PAST- RICH COLORS! T0UGH GLAZE WON'T MAR! zs W rl. siiortM FLORALS, PRINTS, STRIPES! MANY PATTERNS LUXURIOUS QUARRY TILE mm munlu B is oiokm WtfgS ffi&WM t&5Sstt'-- BRIGHT GLAZE WIPES CLEAN! WONT CHIP! price -S- OLIDS, SHEET fnwmnsns reverse bid. (For a copy of JACOBY MODERN, send $1 to: "Win at Bridge," care of this newspaper, P.O. Box 489, Radio City Station, New York, N.Y. 10019.) WALLPAPER SAVINGS BONANZA! N! m 2 H - 2D - A K 5 4 C - A K 9 8 6. What should you bid after a response? Raise to two spades! What TO i ill! SALE ENDS APR. 12! one-roun- LIGHT FREE TINTING! uiHCUARI ! INSTALLS EASILY! ADDS RUSTIC CHARM! FROM NOISE ABSORBING! HOUSE PAINT UIEaTHEI: ONE COAT DOES IT! WON'T FADE OR OVER 1500 COLORS! F arv YELLOW! OUR PRICE M0 OUR PRICE SQ of the many types Unique camel back is one available. Come in and choose from the wide ..,c,nu MIDVALE 114 N. Main 6 Fri. 10-- 9 OGDEN 266S Wiihinglon Sit. IMICfTS (ISO iOU 12-FO- MK OUR PRICE MDUCIO PAINTING SET VINYL ROLLER. HANDLE. TRAY! SURFACE I NO IN SEAMS CLEAR VINYL DROP CLOTH TWIN-PA- K ROLLER FITS EASY JUST RINSE CLEAN! CLEAN-UX 17 SIZE! REFILLS HANDLE! PROTECTS FURNITURE!. 464 S. Sltle ffSGJ I CERAMIC WALL FIXTURES BRIGHT 61 AZFJ S0PP DISH. TISSUE HOLDER. TOWEL BAR! HANDY MASKING PROTECTS TRIM. WINDOWS. ETC. WHILE PAINTING 8:30 - 9:00 Sot. 8:30 - 5:30 TIME TO STOCK UP! 10-- 5 uklm OVER Hours: Mon. - Fri. OUTFIT! MOST ROOMS! AMPLE? 10-- St) MTTtRNS MV VMT IN SOMt STORK selection of styles and fabrics. (Pictured: Roll arm loveseat and ottoman with Country French oak trim.) HOURS: Mon. - Thurs. UMIT DM MS, FT TAPE Sun. 11:00-5:0- 425 HOME IMPROVEMENT CENTERS COAST TO COAST 1350 So. State Orem 225-179- i i i J do-it-your- self the facade of the National I 2 No money down with approved credit Raincheclu given if out of itock WE WILL BE CLOSED EASTER SUNDAY. 0 VISA |