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If you wanted to discourage consumption in order to encourage savings and investment in America, which of the taxes below would you favor?
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If you wanted to discourage consumption in order to encourage savings and investment in America, which of the taxes below would you favor?

User Tsuni
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Answer:An income tax is levied on people when they earn money or when they receive interest, dividends, or capital gains from their investments. Proponents of a consumption tax argue that it encourages saving and investment and makes the economy more efficient, while income taxation penalizes savers and rewards spenders.

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User Schmuddi
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