Maybe Saving Money Is Just for Chumps - New York Times

The big issue is what levers and buttons can we push in the economy. For Greenspan, its controlling inflation through interst rates and monetary policy. For the Prez, its Fiscal policy and controlling the National Debt and taxes. The idea to try would be a wealth tax. This would incentivize work making earned income tax free, while punishing/taxing anyone with savings over $1 Million (including asset wealth). This would have people living more reasonably. Crazy idea.