Which of the following is NOT a goal of taxation?

The goal of taxation encompasses a range of objectives aimed at managing the economy, funding public services, and addressing social inequities. Among these, encouraging savings is not a typical aim of taxation. Instead, taxes often have the potential to discourage savings by diminishing disposable income.

Raising revenue for government services is a fundamental objective of taxation, as governments rely on this income to fund essential services like healthcare, education, and infrastructure. Additionally, redistributing wealth is another primary goal, as tax policies can be structured to impose higher rates on the wealthy that fund programs benefiting lower-income individuals, thereby promoting greater economic equity. Lastly, discouraging consumption is also an established goal, particularly through taxes on goods deemed harmful, such as tobacco or alcohol, which aim to reduce their consumption for health or societal reasons.

Thus, while encouraging savings might be a desired outcome for individuals and certain financial policies, it does not align with the primary objectives typically associated with taxation.