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>Disincentivizing savings without having a good system in place for retirement would break a country in a single generation.

We have the former without the latter in the U.S. already.




Savings in the US are not quite disincentivised, but not actively encouraged. You're only taxed on interest, the principal in a savings account isn't taxed.


401k, IRA, 529, etc. all encourage savings.




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