You are reporting the following post to the moderators for review and possible removal from the forum

FAH
RE: Economics: What happen if every US citizen spent $5000 at the same time?

boo boo poo wrote:
Maybe to prevent government spending, the government could make people/parents save money every month, but make it a little enough amount of money to not have a noticeable effect on spending and saving habits. It would not have to be a significant amount because the money would have 18 years to accumulate. Call it a 1% savings tax or something and neither the government nor the family has access to it.


Responsible parents do this already. It's called a college fund. Parents that don't save for college expenses are either stupid or seriously can't afford to.

Under what premise should the government mandate personal savings? Yes, people should do it, but it's not the government's job to force people to do it. It would cost the government money to make sure people followed this law, thus contributing to the government spending you were trying to prevent.

Hit the submit button below if you want us to review the post.

If you feel this is urgent or want a reply, email us at [email protected] about the post and please include a link to the thread the post is on and what page number/post on that page it is.