Not too many years ago, almost every man who achieved the $20,000-a-year bracketor even $15,000could join a country club and enjoy it. Today, country club managers quote J. P. Morgan's dictum on yachts: He who asks how much it costs cannot afford it. Country club dues and assessments are rising fast. In the past few years, dues doubled (to $350-$1,000 plus 20% federal tax) in some clubs; they went up as much as 120% in Detroit alone last year, almost 20% in Los Angeles in the past few months. The villain is the...
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