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America’s Low Saving Rate: What Can We Do?

Insights Column in Groundswell August-September 2005

Tax Reforms to “Promote” Saving would Backfire

There is a strong movement afoot to tax just consumption rather than all income. The “good reason” for this is to promote saving and investment, and thus enhance domestic capital formation, said to be the main force for economic growth, poorly defined but assumed to be a good thing. A battery of . . . → Read More: Tax Reforms to “Promote” Saving would Backfire