I like this post a lot, and I agree 100%.
Higher taxes + paired with low interest rates, basically help take the American dream away. That's money that can be saved. The higher your taxes, the harder it is to accumulate wealth.
People say "oh, its only 2%, oh its only 4%!" - think about this in terms of replicating a financial investment. 2-4% + per year in extra savings, then invested at a risk free rate (which by the way is being kept artificially low by the gov't), over time, thats a lot of missed $.
So today, everyone is basically getting taxed higher. And also, interest rates are so low, you can no longer go to the bank for a decent risk-free return.
Yes, its simple math that its going to be harder for the next generation to save and build up their wealth. Our parents were able to buy more affordable homes, go to the bank and get a different interest rate, etc.
Some of it is the president / governments fault, and a lot of it is simply more people vying for the same resources, plus the dynamics of our population changing. The government sure isn't making it any easier though.
