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for Mld38

Thanks for the citation. Here's another article on the savings rate from 1996 -- --
that makes an important point (or claim):

"The clear implication is that the growth of taxes has impeded the rate of personal savings. According to tax researchers, the federal tax system is almost designed to keep people from saving."

It seems reasonable to me that, if Americans feel that there is too little savings, they should penalize it less in the tax code.

The article also looks at the results if one "uses a broader gauge to define savings -- including net investment in owner-occupied housing, increases in financial assets such as stocks, purchases of consumer durables and net reduction in household debt." Those results look pretty good despite the tax code.



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