Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Bill Clinton Scandal - SANITY CHECK -- Ignore unavailable to you. Want to Upgrade?

To: sea_biscuit who wrote (32576)	2/7/1999 12:13:00 PM
From: Les H	Read Replies (1) \| Respond to of 67261

Those only shift money that would have been saved anyways. It's at best a zero-sum game. Before Clinton, the savings rate was a paltry 5%. Now, it is 0% or less. Before IRAs and 401(k)'s, people were setting aside funds for retirement, education, first home, etc. You can still set aside funds in tax-managed funds without using IRA's, etc. The current tax code rewards consumption with tax credits, deductions, etc, and discourages savings with a high tax rate.