So the deposit interest tax, can stimulate consumption?
Multiple experts said in an interview with a blue whale financial reporter: "Can't."
Angel investor and Beijing Satellite Television (BRTV) financial commentator Guo Tao said that the interest tax does not stimulate consumption, and to stimulate consumption, the relevant government departments need to further improve or perfect the support policies for the life-oriented service industry, and the hot spots such as culture and tourism, catering, consumer electronics and other areas of people's livelihoods issued by the government consumption vouchers, to enhance the market's enthusiasm for consumption, and to promote the consumer market to rebound as a whole.
Whale platform expert Zhang Yazhi said that consumption, as one of the three major carriages of the national economy, is the main driving force of the economic upturn. But in the face of the impact of the three-year epidemic, it is not simply cut the group into high-income, middle-income, low-income, and then roughly draw out the middle class and impose financial pressure can be solved. Stimulate national consumption, the source lies in the increase in real national income and a positive assessment of future income, deeper is to increase entrepreneurial opportunities, employment opportunities, career opportunities, as well as policies to help the development of enterprises, so that the community's money, the enterprise's money, the money in the hands of the people to proactively circulate up, is the solution.
Zhou Di, a national science and technology expert of the Ministry of Science and Technology and a senior engineer of Fangrong Science and Technology, believes that the most important thing to stimulate consumption is to cultivate a complete consumption system, enhance the value of consumer products, and improve the quality of supply so that consumers are willing to buy. Instead of simply collecting interest tax, that is not as good as lowering interest rate expectations.
A certain university expert suggested a high interest tax on deposits of more than 500,000 yuan, saying that this could reduce the willingness to deposit money and boost consumption. Such a suggestion, I do not think it is reliable, the experts of this statement, agree with a lot of people, think that a high tax, can be forced out of the deposits to spend, but essentially, in fact, because they feel that not many people have 500,000 deposits, even if a high interest tax will not harm the interests of the majority of people.
But I think this issue can not be seen this way, the deposit of more than 500,000 yuan levied a high interest tax can not be relied upon, and also can not play a role in boosting the effect of consumption, but will only let the people and a less safe channel to save money, but also on the macro-economic negative impact.
Previously, data show that the past year, residents' savings increased by 17.84 trillion, some experts pointed out that take out one-third of the purchase of real estate can be stimulated property, then there are bound to be people who think that take part of the consumption will be able to stimulate consumption, but the problem is that the deposit has increased dramatically is not that we have money, but because there is no place to put the money, before the loss of the purchase of stocks, the loss of the purchase of funds, even buy financial buy bonds, loss of money, and even buy a bond. Even buy wealth management to buy bonds have lost, many people can only choose to deposit, although the bank deposit interest rates continue to decline, the interest rate of money deposited has been very low, but at least it can still protect the capital, as a result, you are now giving people a high interest tax, then it is to block all the roads to the people, and also do not want people to live?
Moreover, the operation of the domestic banks is very simple, is to absorb deposits, the proportion of deposit reserves, and then issue loans, earn interest rate differentials, if you charge a high interest tax, people are afraid to deposit money in the bank, then the bank where there is money to issue loans? If the bank can't issue loans, where do businesses get financing, how does the economy develop, and what about consumption if the economy doesn't develop?
Finally, to really promote consumption, the main thing is to increase the people's ability to consume, the pocket money, the ability to consume, consumption needs to be multi-dimensional boost consumer willingness to enhance the coverage of consumption, with more than 500,000 yuan can not be counted as a rich person, the real rich people he has all the channels to achieve the asset value-added deposit levied a high interest tax is just a comprehensive stranglehold on the middle class and another! Outside of labor income, will only make the ability to consume decreased, so this proposal is not reliable at all.