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aklim · #14 08-31-2011, 02:49 PM

Quote:

Originally Posted by spdrun

Except the American economy is all about borrow-spend-borrow-spend-borrow-spendlikeadrunkenpigonmeth.

Here's a graph of savings rates, comparing some countries between 1992 and 2011. US is very low on that totem pole:

http://www.gfmag.com/tools/global-database/economic-data/10396-household-saving-rates.html#axzz1WdKoRyFR

If you remove everything tax wise and simply limit it to purchasing, whoever saves, saves. If you earn $1 and buy something, you pay taxes. If you earn $1 billion but spend nothing in any way, shape or form, you pay nothing.