Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 226.05

+1.3%

Nov 14 9:30 AM EST

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To: BWAC who wrote (42983)	3/3/2001 2:43:32 PM
From: Proud_Infidel	Read Replies (3) of 70976

There are many middle class people making decent incomes, yet are unable to save any money whatsoever. Add some children into the picture and meaningful savings are out of the picture for most people. Increasing world competition has put a lid on their yearly raises and yet the govt. is growing at 4% to 8% per year. This discrepancy is unacceptable. The savings rate is atrocious, partly becvause of rampant consumerism endemic in this country, but also because of a tax burden which is too high on everyone. BK

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