Why U.S. tax policy makes saving a sucker's game

For the first time since the Great Depression, the U.S. personal savings rate has "gone negative. Americans are "overspending." Why are we doing this? Perverse tax laws for investments discourage saving, so it's no surprise we spend. If I said to you, "You can have $10,000 to spend now—or $9,500 to spend in 10 years," which would you choose?



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