An interesting read but I think he misses one big thing: death taxes.
These are about 50% in Japan right? Half of all that saved money invested in bonds and postal savings will be taken by the gov't as the baby-boomer generation dies off. Half the value of all the real estate and other investments too. It's not a cure but as most of Japan's debt is internal (gov't bonds) I think the next 50 years will see a considerable reduction in bond-debt just from death taxes.
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Japan's collision course
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Japan's collision course
by james » Sat May 10, 2008 9:12 pm
"Cause I'm stranded all alone, in the gas station of love, and I have to use the self-service pumps.."
- "Weird Al" Yankovic
- "Weird Al" Yankovic
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james - Posts: 1829
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by FG Lurker » Sat May 10, 2008 9:46 pm
And you run and you run to catch up with the sun but it's sinking
Racing around to come up behind you again
The sun is the same in a relative way, but you're older
Shorter of breath and one day closer to death
Racing around to come up behind you again
The sun is the same in a relative way, but you're older
Shorter of breath and one day closer to death
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FG Lurker - Posts: 7854
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- Location: On the run
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