Sunday May 27, 2012

JAPAN NEWS AND DISCUSSION

No one is saying we don’t need sales-tax hikes in the future. If you’re a politician, you know the fiscal situation.

Quote of the Day Jan. 18, 2012 - 04:58AM JST ( 5 )

Deputy Prime Minister Katsuya Okada (NHK)

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5 Comments

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samwattersJan. 18, 2012 - 08:51AM JST

If you understand the fiscal situation like you claim to understand it, then if you raise or create any taxes you and every other politicians should take a matching reductions in pay and benefits for as long as those taxes/increases exist. We members of the public are beyond tired with politicians who make 10-times more than we make telling us that we have to contribute more.
-1

tkoind2Jan. 18, 2012 - 09:38AM JST

Stop fleecing the working people and start being smarter about how you spend. This sales tax may well be the final nails in the coffin of consumer spending in Japan. It is simple.

Higher sales tax + low consumer confidence + increasing unemployment and poverty = depressed or diminished consumer spending.

drepressed or diminished consumer spending = increasing job loss and increasing unemployment

increasing unemployment and job loss = more people tapping public funds to survive and less people paying taxes.

more people on public funds and not paying taxes = more burden on debt.

So how does this plan help anyone or solve any problem? Answer = it doesn't. A more radical approach for Japan is required. Find ways to cut spending and improve efficiency in how funds are used. Start there first. Then find ways to create jobs so you also create more tax paying citizens while reducing dependency on public funds. Call it a Japanese New Deal.
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nigelboyJan. 18, 2012 - 10:17AM JST

Find ways to cut spending and improve efficiency in how funds are used. Start there first. Then find ways to create jobs so you also create more tax paying citizens while reducing dependency on public funds

Such brilliant statement. (sarcasm)

The above statement has been a goal of every democratic nations government since god knows when.

Find ways to create jobs=pork barrel projects which not successful= wasteful spending=move to cut this spending repeat x times since god knows when.
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tkoind2Jan. 19, 2012 - 09:24AM JST

nigelboy. Nonsense. You have been sold a load of BS propaganda that job creation = pork barrels.

Clearly history has illustrated that it is job creation that offsets major economic declines. The New Deal was a key factor in the US recovery from the great depression. The same applies to nearly every other example where economic depression was addressed with job creation.

Some of the leading economists in Japan and in the US have made similar statements that the concentration of wealth in the world today is an issue. For economies to thrive money must move not reside in isolation. Job creation does diminish social burden while contributing to tax base. If you can prove otherwise have at it.
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nigelboyJan. 21, 2012 - 04:57AM JST

Clearly history has illustrated that it is job creation that offsets major economic declines. The New Deal was a key factor in the US recovery from the great depression. The same applies to nearly every other example where economic depression was addressed with job creation.

Clearly?? Please. Jobs that were originally created by the government in of itself will eventually be labeled as "waste" as a part of big government. This is what history has clearly illustrated.