Our tax structure, while onerous in my mind, is not the cause:
Tax Rate
As well, a large part of health car costs can be tied to our tort system...
Quote:
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What might this mean? The precise timing is difficult to ascertain -- but if the "great mass of consumers finally takes a deep breath and cuts back on their profligate spending," it would not be a particularly positive event for the economy or corporate earnings.
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There it is, the smoking gun: "profligate spending".
We as a society are so tied to immediate gratification and spending money we do not have that blamming politicians and "big business" for negative savings is absurd.