By cutting take-home pay at the top end of wage earners (those most able to save), it would further erode the already pathetic savings rate. I doubt most earners even at the top level are saving even 3-4% of their income, so the added tax would force hard choices between cutting household spending and cutting savings- in the US, everyone ends up cutting savings.
>On Tue, 22 Feb 2005 11:17:45 -0600, Gruss Gott <[EMAIL PROTECTED]> wrote: > >How would this kill the savings rate? I'm not sure I follow the logic. > >-- >G-mail must not realize I'm and anti-social nerd, it keeps telling me >to "Invite 8 friends to Gmail" ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Sams Teach Yourself Regular Expressions in 10 Minutes by Ben Forta http://www.houseoffusion.com/banners/view.cfm?bannerid=40 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:148062 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
