{"id":79615,"date":"2025-01-15T07:28:16","date_gmt":"2025-01-15T07:28:16","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=79615"},"modified":"2025-01-15T07:28:16","modified_gmt":"2025-01-15T07:28:16","slug":"savers-are-the-problem","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2025\/01\/15\/savers-are-the-problem\/","title":{"rendered":"Savers are the problem"},"content":{"rendered":"<p>The rich aren't spending enough.<\/p>\n<p>This is another view on that idea, which I promoted here not long ago. It's a few years old now, but the sentiment is, in many ways, quite right. People spending their income is what the economy needs.<\/p>\n<p>Those with a dislike of swearing may not like this. For everyone else the message is clear: wealthy savers really do not help:<\/p>\n<p><iframe loading=\"lazy\" title=\"Putting Dole Up To \u00a31K A Week | Kevin Bridges: A Whole Different Story\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/c8mRWW3C_Kk?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>Hat tip to Jenni Rose.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The rich aren&#8217;t spending enough. This is another view on that idea, which I promoted here not long ago. It&#8217;s a few years old now,<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2025\/01\/15\/savers-are-the-problem\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-79615","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/79615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=79615"}],"version-history":[{"count":3,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/79615\/revisions"}],"predecessor-version":[{"id":79627,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/79615\/revisions\/79627"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=79615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=79615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=79615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}