The economy is improving too slowly due to poor economic policies. For the economy to fully recover, we need tax reform at the state and federal level. With low marginal tax rates for almost 30 years, wealthy investors were able to deploy their vast economic resources across the globe without financial consequences. If instead, we had higher marginal tax rates at the federal level, but offered tax deductions and/or credits for investments which created good paying jobs in America, we would be the role model and gold standard for worldwide economic growth. We also need to consider funding state and local government via a consumption tax instead of an income or property tax, so that the savers are not punished for their frugality. Savings rates in the USA are too low because we reward opulent spending with big tax breaks. How sad!
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