Thread by @Raminations

People on my timeline express varied opinions on savings and investment and tax breaks for such savings citing importance of it.
Just look around your household and find how the habit of savings is ingrained in us by our ancestors.
Gold that you invest via ETFs us one such

From the time a child is born till marriage and after on innumerable occasions gold is gifted by parents, grandparents, relatives.
These occasions are opportunities for saving. We have formalised them and say we invest in ETFs etc.
Again every household teaches the child to save

I am sure everyone of us were given a toy safe to collect small change and accumulate.
The lady of the house saves for pilgrimages keeping the same kind of habits of deposit in a box to be used once in a year for travel and worship
And top it all. Our families invest in education

Does anyone teach our parents to educate children. It is the dream of every parent to give the children best of education. No parent sulks to spend on his child's education.
2000years ago a saint poet wrote:
கேடில் விழுச்செல்வம் கல்வி ஒருவற்கு மாடல்ல மற்றையவை
This couplet..

. Stresses the importance and the essential nature of education for betterment in life.
So to say tax breaks are important to save is not acceptable.
We can enjoy tax breaks but notwithstanding that we should save.
Don't expect tax concessions for long to encourage savings