Yes, "a tax on savings and deposit accounts", also known as a wealth tax, as opposed to an income tax, would, indeed, encourage spending. It's also one of the

Yes, "a tax on savings and deposit accounts", also known as a wealth tax, as opposed to an income tax, would, indeed, encourage spending. It's also one of the most frightening ideas I've heard proposed, and you're not the first to propose it, it's been proposed by congressmen. Just as there was a strong backlash against the patriot act, with many feeling that extra security was not worth losing rights for, so too, must you seriously examine whether you really think it's worth sacrificing your children's ability to save, to end this business cycle's downturn six months early. These times disturb me greatly, and it's not the problems that scare me, it's the solutions that are proposed to them.