“Well that is good for my foreign stocks.”
It’s good for a lot of American large-cap multinationals also. About half of the S+P 500’s profits come from overseas business. Gee, the world is outsourcing to us and we are benefiting!
I didn’t see any recommended solutions for the problem of too little saving. How about lowering the taxes on interest income to zero?
Exactly! Lower the corporate tax rate to zero. Capital gains rate should be zero as well.
One point made by some investor wonks is that having significant overseas exposure in a portfolio is already the case when holding the SP500 stock index, as you mentioned.