I'd blame the tax code; it makes no sense for corporations to save money. They should aim for zero every year either by investing in growth or paying it out.
With the amount we pay in taxes, the ability to save is sharply limited.
With the amount we pay in taxes, the ability to save is sharply limited.
Compared with, say, contributing to the construction of a resilient, humane society in a variety of ways (including paying taxes) and being ready to deal with semi-random catastrophes quite well.
Oh, also: the amount we pay in taxes, as a percentage of personal and corporate income, as well as GDP, is at a (near) historical and cross-country-comparative low.