Tax policy changes that favor people who save will

Question

Quizplus · Accepted Answer

Tax policy changes that favor people who save will favor people with high income because they generally have more disposable income to save. Low-income households may not have enough income to save even if tax policies are changed to incentivize saving. Tax policies that favor saving can also exacerbate inequality and create a less egalitarian society. As for the impact on national saving, there is no clear answer as it depends on a variety of factors beyond just tax policy changes.

Tax Policy Changes That Favor People Who Save Will