Before revision:  We solve a calibrated model with standard constant relative risk aversion utility and show that asymptotic MPCs can be zero in empirically plausiblesettings, implying an increasing and large saving rate of the rich and high wealth inequality  .
After revision:  We solve a calibrated model with standard constant relative risk aversion utility and show that zero asymptotic MPCs are empirically plausible, implying that our mechanism has the potential to accommodate a large saving rate of the rich and high wealth inequality .