Schnabl, Gunther / Belke, Ansgar
The Economists' Voice
1 Issue per year
Cite Score 2016: 0.24
SCImago Journal Rank (SJR) 2016: 0.257
Source Normalized Impact per Paper (SNIP) 2016: 0.380
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.