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Also, with the income tax going away, actual taxation would not increase unless you choose to spend like a drunken sailor."
I am not talking about tax increasing. I am talking about people finding a way to dramatically reduce their federal tax by reducing their spending. This would most definitely increase savings.
If more Americas learned how to handle money banks would be stuffed to the gills with John Q. Public's investment dollars and business in America would be skyrocketing.
"This would most definitely increase savings."
At the President's economic summit last month, one of the economists there said that she spoke for most, if not all, of the economists on the panel when she said that they viewed our low savings rate as a fundamental economic problem which must be addressed and that there were a number of other economic problems which emenated from that.