No. of Recommendations: 0
"A major problem I see with a wealth tax is that it is penalizing savers and rewarding spenders.
And whatever you tax you get less of.
And we want more savers."


I am not entirely sure that whatever you tax you get less of but in any event, why is it that we want more savers?

GDP is based on spending. Savers shouldn't be encouraged - they hurt GDP

Only slightly tongue-in-cheek...
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement