Unfortunately, such a change would discourage savings among the rich, who are most able to save more.

One is that the system encourages consumption and discourages saving.

"It shouldn't have a bias toward states that use the income tax, which I think discourages savings and investment."

Uncertainty about the future purchasing power of money discourages investment and saving.

Maintaining interest rates at a low level also discourages saving, while encouraging spending.

And the organization recommended ending current tax distortions that discourage private savings.

The tax encourages consumption and discourages saving, exactly the opposite of what should be done to strengthen the economy.

The capital gains tax, some studies suggest, discourages saving.

The weakness is our apparent inability to save - the proposed solution would only discourage savings to a greater degree.

That powerfully discourages savings and investment - the exact opposite of what the economy needs to grow.