Truman pressured mine owners into signing a contract in which they would pay for a union Welfare and Retirement Fund -- hospital, medical, and retirement plans -- all financed by a royalty assessed on the amount of coal extracted by union workers.
What's happened is a lot of folks are underwater, meaning their home values went down so steeply and so rapidly that now their mortgage, the amount they owe, is a lot more than the assessed worth of their home.
The requirement on assessing carers' needs replaces an existing law which says carers must give "a substantial amount of care on a regular basis" before they are assessed.
Each unit of Terra currency would be charged each year a transaction fee of 3.5% to 4%, assessed against the face value of the currency, depreciating its backing by that amount.
While some people do owe the tax assessed because they did forget to report income, a large percentage of them owe only a part of the proposed amount or none at all.