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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: Proud_Infidel who wrote (42993)3/3/2001 8:02:41 PM
From: Katherine Derbyshire  Read Replies (1) of 70976
 
You're missing my point, Brian.

I wasn't arguing for or against tax cuts, just pointing out that the savings rate argument is a straw man. Someone who chooses to lease a Jaguar instead of putting money in a 401K plan isn't going to suddenly start saving because you cut the tax rate. (In fact, by cutting the tax rate you *reduce* the tax advantages of 401K plans.)

If we're going to set up straw men, isn't the low savings rate an anti-tax cut argument? A retiree with no savings is completely dependent on Social Security to maintain his standard of living.

Katherine
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