JAPAN NEWS AND DISCUSSION
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- 秘書及び業務サポート
- 加治金属工業株式会社, Tokyo
- Salary: ¥4.0M / Year
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- English Instructor (Osaka, Kyoto, Kobe)
- Berlitz Japan, Inc. (ベルリッツ・ジャパン株式会社), Kansai
- Salary: ¥125,000 ~ ¥250,000 / Month
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- ALT - Mie Prefecture - Yokkaichi City - June start
- NPO法人グローバル教育推進機構（GLAD), Mie
- Salary: ¥230,000 / Month For a full working month. Some months differ.
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Frederick Gundlach
So Japan will have the same consumption tax rate as Australia (10%), which as been booming.
It will have a similar implied social security rate (10.6%) as America, if all the consumption tax is used to support old age pensions. Remember, in America, the social security tax is already taken out before you get a chance to 'consume" anything.
It sounds like a number of Japanese are just tax crybabies, who want it all for nothing. ( I know this is true when it comes to defense and trade w/ America . . . )
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Frederick Gundlach
If the consumption tax hike is mostly used for transfer payments to needy retired persons, the effect on the economy in Japan will likely be zero. Whatever got taxed will be spent by those receiving the tax revenue as pension benefits.
Posted in: DPJ to present revised tax hike bill to cabinet despite opposition
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Frederick Gundlach
For a couple years now, I have wondered how Interac gets to recruit in U.S. cities and avoid U.S. anti-discrimination laws, particularly age discrimination. I don't think there is a loophole for "what the client in Japan wants"---in fact, I think the regulations are written exactly the opposite. After all, Dispatch in Japan means that you accept who the Dispatch company sends---not hire only the profile that the receiving company seeks.
This is on top of the Shakai Hoken controversy, where Interac has changed it to a voluntary assessment, rather than a required enrollment.
Other than that, I would say they are the best of the ALT Dispatch lot.
Posted in: Interac
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Frederick Gundlach
They keep faking the total students number. Three thousand includes people who participate in one-day events, like corporate continuing education. The real numbers are more like 1,050 or 1,100 --- undergraduates and graduates combined.
Forty four from Main Campus is pathetic. Most all stateside colleges team up with a Japanese university to do study abroad. They don't build new, or lease.
Temple won't say what the facilities in Japan cost the school, and indirectly, the Pennsylvania taxpayers. They should say.
Posted in: Temple University's Japan campus rebounding after quake
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Frederick Gundlach
I am not sure it's a screw-up to say that "we will weaken in the instance where the yen trades below 75". This is about controlling the upsurge, not trying to talk up a falling currency.
The J-government always has the ability to limit the upside on the currency, and I wonder how it costs the government if they have the trading community keep the currency above 75 (77-78 range), rather than them having to buy FX (or just print a lot of yen) to do it.
Posted in: Azumi under fire for revealing forex intervention level
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Frederick Gundlach
She has been around the tarento scene for at least 7 years. I thought it was interesting that her name is Thousand Summers, and young moon. A lot of nature.
Posted in: Chinatsu Wakatsuki announces she's 5 months pregnant and married
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Frederick Gundlach
It amazes me how a whole country can think it can run a government old age pension scheme off no money. All the other countries have these 15% to 20% taxes to do it. Even the United States' FICA (Federal Insurance Contributions Act) is 15.3% of the first $110,000 or so.
Posted in: Noda proposes putting off planned consumption tax hike by six months
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Frederick Gundlach
Taxes affect relative prices. This means that some of the increase will be borne by the seller. Not always by the buyer---even though "8%" will appear on the receipt.
If the money is used for social welfare spending---especially, if it is used to support the Japanese pension system---then the benefit of increased government spending may outweigh whatever depressive effects a tax would have.
Most modern countries have 15% or 20% taxes to support their old age and pension disability system. In America, it's 15.3%---but it comes out of payroll, so no one "sees" it. They just see the half that is labelled "FICA".
It is good to see that Noda is doing the responsible thing, finally, after Japan kicked the issue down the road for 20 years.
Posted in: Noda to press ahead with tax rise despite 9 DPJ lawmakers leaving
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Frederick Gundlach
Ernie Higa is a true American entrepreneur in a country with a lot of pretend ones. I hope he has great success bringing the Wendy's brand back to Japan.
Posted in: Wendy's to be relaunched in Japan in December
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Frederick Gundlach
It is math. Plus fundamental fairness. Why should capital gains be taxed at a lower rate than income from labor?
Posted in: Obama: Rich must pay fair share of deficit cuts
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Frederick Gundlach
Translation: "We forgot about what we did to you in World War II, China, and we're sure you've forgotten, too!"
Posted in: Obama, Noda to reaffirm alliance at New York meeting
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Frederick Gundlach
People of modest means pay an incredible amount of taxes. You can read up on this at the Citizens for Tax Justice, which is at www.ctj.org.
Most American taxes are regressive. Only the federal income tax, and some state income taxes are "progressive" (the higher income people pay more.) But there are so many loopholes and exemptions that these progressive taxes are skirted around.
Thus, the need for a millionaire tax. They are not job creators. They are just sitting on the piles of money, doing nothing.
Posted in: Obama to raise taxes on millionaires
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Frederick Gundlach
Yes, it is wrong. It says, "Obama to raise taxes on millionaires." Only Congress can do this. The President can approve the hike. A better headline would have been, "Obama proposes to raise taxes on millionaires" or "Obama to Congress: raise taxes on millionaires."
The sloppy language and lack of understanding about our constitution is one of the reasons nothing can get done in Washington.
Posted in: Obama to raise taxes on millionaires
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Frederick Gundlach
The President of the United States cannot unilaterally raise taxes. All tax bills must originate in the House. The article's headline is wrong.
Posted in: Obama to raise taxes on millionaires
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Hoofin1
The sign is in English so that international readers can understand what the man is saying about the Senkakus.
Ask not who it informs to, it informs to YOU.
Posted in: Rally