Thank you for your well-reasoned observations about the so-called Paradox of Thrift and for tying it in to the Japanese experience. Your comments were most helpful to me in giving my children further issues to consider. I await their responses.
Bill Rollyson suggested I contact you. I have been having a discussion with my son and daughter, who after listening to NPR said the Japanese economy has been stagnant for a decade because its people saved. I pointed out that Japan has a high corporate tax rate but was unable to point to anything else. I also seem to remember that Japan spent heavily on public works. Do you have any facts and arguments that would confirm or dispel the notion that personal savings was a good or bad thing for the Japanese economy?
Thanks for your help. It's not quite the Fair Tax, but the Fair Tax will encourage personal savings.
Sorry David, I don't read books. Between being a Realtor, genealogy, FairTax community coordinator, being a senior citizen and taking advantage of free schooling, and being a grandma that loves to baby sit; the computer is my friend and I spend all of my spare time communicating. Keep up the good work. On FairTax Nation you have "groups" and "events" and they keep me busy. Be sure to sign up for your state group and any others that look appealing. Billie in Beavercreek, OH
FairTax Nation a site designed and managed by FairTax volunteers to serve the needs of FairTax advocates by providing a place to share ideas, find resources and create new opportunities with the goal of passing the FairTax HR 25.
On Nation we are working on many projects. One is our 50 State Campaign. We want to link at least 1,000 active volunteers in each state to work together in a national effort to pass the FairTax. That would give us at least 50,000 active volunteers able to communicate, plan events, etc. I know some people want a FairTax rally in Washington D.C. This is how we build the organization to make this event and many others possible.
Please feel free to invite your FairTax friends to join us.