Buy gold!!
Why would I do that? Gold doesn't pay interest or dividend, nor can it be said to be worth anything as an appreciable asset.
Better to create or invest in a business than buy gold anyday.
Unfortunately, people are using less and less of their income dollars to do the latter for the strong disincentives of high marginal tax rates on savings and investing as well as inflationary expectations.
As the savings rate with respect to discretionary income more than apply demonstrates. In fact they have begun to actually head into negative territory as a savings rate. The are becoming net debtors instead of net investor/savers of income.
Why would I do that?Most doom and gloomers think buying gold will save their soul.
Gold doesn't pay interest or dividend, nor can it be said to be worth anything as an appreciable asset.
Excellent. Glad to hear you understand basic economics and are therefore not a goldbug.
Unfortunately, people are using less and less of their income dollars to do the latter for the strong disincentives of high marginal tax rates on savings and investing
I think you meant former? Tax rates on investing have been reduced. Or hadn't you heard?
as well as inflationary expectations.
Inflationary expectations make people less likely to invest? How do you figure?
As the savings rate with respect to discretionary income more than apply demonstrates. In fact they have begun to actually head into negative territory as a savings rate. The are becoming net debtors instead of net investor/savers of income.
How much of the negative savings rate is capital gains taxes paid? How much capital gains do Americans earn which are not included in the savings rate?