Re: A Savings-Free Economy

["Mason A. Clark" <masonc@xxxxxxxxxxxxx>]

 Let me put it this way.  The tax reform proposals all assert that
 they will improve the state of the economy, i.e. growth rate, by
 their effect on "savings, thus promoting investment."

quotations from their literature:

"encourage savings and investment"
"exempts savings, which is the seedcorn for economic expansion"
"lift...tax on saving and...... thus spur economic growth"
"reduce the tax burden on savings and investment"
"higher levels of both savings and consumption because the" added investment....a
     faster growing economy"
"ends double taxation of saving, thus promoting investment"
"eliminating the bias against saving....spur ...investment...and growth"
"boost savings and investment"
"savings and investment are penalized harshly" (by current taxes)
(reduces)"penalties on savings and investment"


  QUESTION:   Are they right?       If so, I'm all for *more* Tax Reform.

            Mason

  ( And I apologize for my attempt at satire, which has been
    universally misinterpreted due to my ineptitude.)