The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.
© KYODOAbe to prioritize human resource development in FY2018 budget
TOKYO©2024 GPlusMedia Inc.
The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.
© KYODO
6 Comments
Login to comment
sangetsu03
Spending money to encourage economic growth requires taxing the people to supply the funds to pay for that spending. The increase in taxes negates the growth. If Japan wants to encourage economic growth, it should be spending and taxing much less.
But Abe's plans have nothing to do with economic growth. They have to do with diverting the taxpayer's money to expensive projects run by friends of the LDP. Their bank accounts will become all the bigger, while making the people's accounts that much smaller. The economy of the 1% will indeed grow, while that of the other 99% will continue to shrink.
Goodlucktoyou
does this mean he will still be here next year?
Strikebreaker555
Where's the money to finance this initiative? The Democratic Party raised the consumption tax to aquire the funds. But fell short of public support. Abe has continuously postponed a hike of consumption tax as he knows that he will lose further public support by hiking it. But where is the money if you won't hike it? The Abenomics is beginning to breach.
Jonathan Prin
How can Japan economy grow that much with heavily shrinking demography (soon 1 million inhabitants per year !).
It is exactly about making workers as slaves who will give back more to government from taxes.
The 0. 2xx % taken from your salary for Fukishima crisis until 2030 (can't remember exact year sorry) is an example.
fxgai
Sustainable, true economic growth is not fostered by government types spending our money, but by letting us keep it and staying out of our way. It is we the people who drive innovation and economic growth, not these old guys.
The key is not to make it free, but to make it available at all , for all. Abe is not Santa Claus just the PM. I will pay for services that I use if regulations are relaxed so that more service providers can attempt to offer them to me.