Charity cannot improve the average standard of living. Saving and capital accumulation do.

施舍不可能提高平均生活标准，但节俭和资本积累却可以做到。

youdao

On a more hopeful note, Americans are starting to save again rather than relying on capital gains to do their saving for them.

更有希望的提示是，美国正在开始再次储蓄，而不是依赖资金获益来营救他们自己。

youdao

Over the past year there has been little sign that people are saving less and spending their capital gains, so a slump in share prices should not have much impact either.

过去的一年里，几乎没有迹象表明人们储蓄减少、资本收益支出增多，可见股价的暴跌不会产生巨大的影响。

youdao

New technology will be introduced along with labor-saving capital investment, and skilled workers will tend to replace unskilled workers.

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Most capital-income taxes are paid by working-age adults saving for retirement, who will continue to save despite taxes.

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The capital-gains cuts will probably increase saving, which is good.

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