Determinants of Consumption or Saving:
Wealth Taxation
Expectations of the future Interest Rates
Income rises = ratio of saving to income rises
Based on Real Disposable income and Real Disposable GDP: Income after direct taxes
Consumption accounts for 70%+ of GDP spending
Wealth Taxation
Expectations of the future Interest Rates
Income rises = ratio of saving to income rises
Based on Real Disposable income and Real Disposable GDP: Income after direct taxes
Consumption accounts for 70%+ of GDP spending