Has anyone thought of legislation to limit savings?

Given that increased spending will help the economy during a recession, has anyone suggested creating penalties for saving or investing money over the next 6 to 12 months? Something like, if you save more than 85% of what you saved in 2007, you'd be subjected to a monetary penalty.Has anyone thought of legislation to limit savings?You are suggesting an idea which FDR actually put into practice during his "New Deal".



Because businesses were not spending cash reserves to increase production or even invest in research, FDR and Congress implemented a tax of savings accounts.



In effect, he was taking money from the "haves" and handing it out to the "have-nots". So, it was class warfare being conducted by classic LIberals.



It was a crackpot idea then, and is a crackpot idea now. This is because those who don't know history are doomed to repeat it. At least, that's what crackpot Liberals are always telling us.Has anyone thought of legislation to limit savings?
That sounds like a democrat plan Barney Frank would come up with.Has anyone thought of legislation to limit savings?No but the neocons want to triple the tax cuts for the richHas anyone thought of legislation to limit savings?
Democrat Politicians HATE people Saving.



If people save enough---- they become too self reliant, and don't need Democrats.Has anyone thought of legislation to limit savings?There is already legislation that limits savings. Interest rates of less than 1%.Has anyone thought of legislation to limit savings?
There was a limit on savings put into action in 1933. It was called the Gold Confiscation Act. Under this law, you must turn in all your gold for paper money. If not, you will be put in jail. Since no one has gold anymore, the USA populations is at the mercy of the money printers. The more they print, the less you have.