Current Events — HabitableZone

Current Events » in reply to Re: Eliminating the tax on savings accounts

Sorry, but wrong

You save 5 bucks in an account.
Does it just sit there?

Well, no, the bank takes that 5 bucks and tries to make more money out of it by investing it somewhere else.
Then they give you some of their gains back.

Anything that would help the abysmally low savings rate in this country would be a major boon to the economy.

Cheers,
Tony

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