How well do you think those investments will do with no one consuming? Consumers are the engine of the economy. No consumers, no profits on investments.
Since everyone will continue to consume, your strawman is rather poor isn't it.
80% increase in the rate of savings and investment over what we do now only pressures prices downward by the amount of lowered costs to business and productivity increases realised with the release of resouces from repeal of business taxes.
No-one starves, businesses maintain profitibility out of lower costs and higher productivity, the economy grows at subsequent higher rates for the spur of investment and stonger purchasing power of the dollar.
80% increase in the rate of savings and investment over what we do now only pressures prices downward by the amount of lowered costs to business and productivity increases realised with the release of resouces from repeal of business taxes.Again, you see an outrageous number and don't even question it. Jorgenson's infine-horizon model does not accurately portray the savings and investment rate in the short term (or the long term, for that matter). An 80% increase in savings and investment the first year is stupidly unrealistic. Of course, that doesn't matter to you.
Since everyone will continue to consume, your strawman is rather poor isn't it.What strawman. Jorgenson's model shows consumption dropping a large amount.