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.
| Hot Topics | |
|---|---|
Japan's collision course
2 posts
• Page 1 of 1
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
-
james - Posts: 1829
- Images: 1
- Joined: Fri Oct 22, 2004 9:21 am
- Location: off the deep end
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
-
FG Lurker - Posts: 7855
- Joined: Mon Nov 29, 2004 6:16 pm
- Location: On the run
2 posts
• Page 1 of 1
Who is online
Users browsing this forum: No registered users and 25 guests