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The government has embraced higher taxes, more regulations that are killing their business community. I was living there before the sales tax went into place and remember how it was sold "just 3 percent, we won't raise it", well, now it is going to ten percent.
The government there is corrupt and loves high taxes and payoffs. That is how it is and will stay that way. They have moved
many factories out of Japan and have a generation that will never have a decent job or career. It is sad. I don't see any changes but it is a teachable lesson for people in the USA. High taxes, regulation destroy jobs, companies.
The government has embraced higher taxes, more regulations that are killing their business community. I was living there before the sales tax went into place and remember how it was sold "just 3 percent, we won't raise it", well, now it is going to ten percent.
The government there is corrupt and loves high taxes and payoffs. That is how it is and will stay that way. They have moved
many factories out of Japan and have a generation that will never have a decent job or career. It is sad. I don't see any changes but it is a teachable lesson for people in the USA. High taxes, regulation destroy jobs, companies.
I agree that higher taxes and more regulation destroy jobs/companies. But the question here is how high is the tax and to what extent the regulation? Or if a tax cut is provided to a company, would that tax cut provide hiring local workers? To what extent would you regulate companies?
I've been posting this link all over this site . To me, tax cuts are ok if it creates good jobs to the local economy. I'd accept lower regulation if it doesn't hurt the local economy (or environment). If everyone is a Mother Teresa, I suppose extremely low taxes and minimal regulation would work. That said, I think corruption maybe the main cause of Japan's stagnation or even the US's 08' financial meltdown.
The Illumanti, New World Order etc have reign over Japan.. The Japanese government are nothing more than just a bunch of puppets.. Btw the Illumanti are behind this whole 'green' idea of global warming etc etc..
Their goals are simple to deacrease wealth, prosperity & population..
It's happeining in EUrope and it's starting to happen in USA..
Japan is stagnant because the world has caught up. They are not the electronics king anymore. I still buy only Japanese electronics, but more people prefer cheaper just as good electronics.
The same goes for autos. For the last 20 yrs if you wanted a long lasting dependable car, you looked at Toyota and Honda. Now people are going for cars that are close in quality and dependability and a bit more cheap.
The natural disasters there have not helped, it really slows the economy down where there is a major earthquake and Tsunami. They will probably have a major volcano eruption in the next decade.
Last but not least, they have changed culturally. Their birth rate is low, and they are losing factories to lower wage countries.
Japan is like a huge mafia family. That's not good for growth.
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