Progressive Consumption Taxation as a Remedy for the U.S. Savings Shortfall

The American savings rate, always low by international standards, has fallen sharply in recent decades. In this essay, I argue that a large part of the savings shortfall results from pressures to keep pace with community spending standards, pressures that have been exacerbated by rising income and wealth inequality. The progressive consumption tax is one possible remedy.

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Year of publication:	2007
Authors:	Frank, Robert
Published in:	The Economists' Voice. - Berkeley Electronic Press. - Vol. 2.2007, 3, p. 2-2
Publisher:	Berkeley Electronic Press
Subject:	Savings \| consumption \| taxes \| externalities

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Extent:	application/pdf
Type of publication:	Article
Notes:	oai:bepress:
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005246661