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From: alle@ihuxb.UUCP (Allen England)
Newsgroups: net.politics
Subject: Re: The idle money of the rich - (nf)
Message-ID: <600@ihuxb.UUCP>
Date: Mon, 16-Apr-84 18:51:53 EST
Article-I.D.: ihuxb.600
Posted: Mon Apr 16 18:51:53 1984
Date-Received: Tue, 17-Apr-84 08:29:21 EST
References: <340@iuvax.UUCP>
Organization: AT&T Bell Labs, Naperville, IL
Lines: 14

+
 > Certainly there is a great need for savings to provide investments
 > for our future productivity.  However it is questionable whether
 > the current tax system really encourages such investments by the
 > middle class.  Currently the U.S. has a savings rate of only 
 > approximately 5%.  It may be a good idea to provide tax incentives
 > for the middle class to save and invest more.  

Tim, you are really slippery!  On one hand you want to tax away the
*idle savings* of the wealthy and on the other you want to give incentives
so that the wealthy will put more money into *idle savings*!

--> Allen <--
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