The Corporate Saving Glut in the Aftermath of the Global Financial Crisis

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  1. DeDude commented on Nov 20

    All that cash needs to get to work -we cannot let it just sit there as a deadweight on the chest of the economy. Using it to pump up stock prices is not going to help consumption and will end in tears sooner or later. Giving it to those consumer/workers who produced it is apparently a horrific suggestion that would destroy capitalism. But we need that cast to be consumer so it can help move the economy forward.

    I got a great idea! We should have a corporate capital tax that take away a certain % of cash reserves (whether held in the US or abroad) from corporations. Then use the proceeds from that corporate cash tax to rebuild the american infrastructure. I mean talk about moving dead cash into consumption – couldn’t be any simpler.

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