Is this a way to encourage savings and the ownership society?
Such a tax is often claimed to encourage saving but the argument can cut both ways.
Anything that encourages personal savings is good for the economy, he argues.
Indeed, that is why Washington offered a variety of tax benefits to encourage savings during the 1980's.
The federal government can also undertake steps to encourage personal saving.
The aim is to encourage saving, not to have government direct spending.
He also recommended tax incentives to encourage personal savings for such care.
It encourages savings, so working families can plan for their future.
Even a generous new program to encourage savings is struggling to win participants.
Credit unions are also getting into the youth market with programs that encourage savings.
