Regarding the June 5 Page 1 story “Personal savings stutter while economy hums”:
It is indeed lamentable that Americans don’t save more. I bet we’d save a lot more if we weren’t paying up to 39 percent of our income to the federal government in taxes (if you add in state, local and sales taxes, plus the cost of regulations, the figure is more than 50 percent; the average family pays more in taxes than for food and shelter). And we wouldn’t be taxed so heavily if the government were doing only what the Constitution says it should do.
But the politicians have been playing the same old shell game–taking our money quietly, then giving some of it back with great fanfare, as if they’re doing us a favor, and wasting the rest–for so long that few notice it anymore. When Americans wake up and decide that enough is enough, when they vote the current political class out of office and replace them with libertarian politicians who really care about the Constitution and limited government, that’s when we’ll start saving more.
