Is somebody preventing you from saving your own money and investing it
as you see fit?
Dave wrote:
Well, the guvmint takes a big chunk out of it so the amount available is
only what's left over.
Sounds like a lame excuse to me.
Besides, President Bush gave a huge tax cut to the wealthiest
families... $150 billion per year to families with $1 million per
year income... aren't you one of them?
.... How about we make savings and investment deductible
when deposited or invested, and taxable at a lower rate when withdrawn, or
not at all after some age?
Already done, several ways. How about a plan where if you save $1, you
not only get to deduct it but your employer matches it? Oh wait, we got
that too.
In a country where obesity is one of the biggest health threats, and
people buy SUVs when gas prices are headed through the roof (and these
are just two of the most obvious examples of how profligate consumerism
has replaced old fashioned common sense), it is hard to explain why the
savings rate is so low.
... (I can hear the screams now from the folks who
want to take from them as has and give it to them as don't have.)
You hear voices from your computer? I knew you were a whacko but I
didn't realize you were psychotic... too much LSD back in the '60s, maybe?
DSK
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