Money that just lazily sits in your bank account is money which could be spent on buying good and services from businesses increasing GDP growth.
So Why isn't saving illegal yet?
Saving is investing. Except the bank does it for you. Handing out loans and investing in stocks is vital for the economy.
Imagine a world where no one is allowed to save money. Where would businesses get their investments from? Or their loans if they wish to expand? Do you truly believe this would be good for the economy?
>>1973307
Banks use that money to give out loans to people and firms (many banks also invest with the money). This is why you're able to earn some interest from saving, as it's the returns from those loans/investments. Businesses need those loans for buying assets and paying for short-term obligations.
>>1973324
People wouldn't even be able to save money to fund their own business.
This is stupid lol if i need to purchase something that costs more than a days salary how do i do that?
>>1973334
Kneepads.
>>1973327
Well 90% of businesses fail anyway, so they don't really need to bother saving money for that