politics

Election campaign promises include potential market-movers

13 Comments
By Noriyuki Suzuki

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13 Comments
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the more a company earns, the more tax burden they should shoulder.

A nice disincentive for doing really profitable business in Japan and employing lots of people.

Raising the capital gains tax may be controversial, but its impact on tax revenue would only be limited after all

Indeed, hiking the rate is likely to decrease those revenues. Currently I can look past the 20% rate, but if they hike it then I would certainly think more carefully before I go realizing any capital gains.

Low rates, broad base… the basics of efficient tax systems

-5 ( +0 / -5 )

Election campaign 'promises'?

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More effective would be to finish the reforms of the Japanese economy that were started but faltered.

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The concern is for the investor class and institutional finance.

Abenomics, which is a version of failed Reaganomics promises the same outcome and is basically fraudulent.

A new mode of capitalism - that is amusing. Besides simply being a vague reference to a word that carries very little or no meaning.

Let alone is Kishida and his minions, in anyway capable of altering manipulated market economics to the benefit of any, other than the large corporate entities that control the actual economy.

The use of the word reform is quaint - alterations of the flow of capital is determined by those who actually hold power and sway over political determinants. Which is certainly not concerned with any democratic distribution of wealth. Let alone re-distribution.

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"Japan's ruling and opposition parties are making campaign promises that, if realized, could also have ramifications for financial markets."

Yeah, well, given that they won't win, I don't see it as an issue, so the banks can rest easy while the people continue to shrug and say "shouganai" since they didn't vote.

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Failed Neo-Liberal policies. Kuroda is blowing bubbles with stocks and bonds. The rich are happy.

But, seriously. All that quantitive easing and there is still no prosperity. It’s rather grim. Trickle down Abenomics continue to fail.

We need Basic Income - administered through reverse income tax. Bottom up.

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What happened to that 3rd arrow of Abe?

Did it swing around and hit his ...

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There is a limit politics can do. The most serious problem Japan faces today is the country is running out of steam. If the people of the country is losing out of vital forces, the government cannot do much.

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The best thing I did was to stop

working in Japan-the tax grabbing by the state is too much!

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What a waste of "print-space" making it sound like having companies report their earnings every quarter is such a big deal, RIGHT NOW.

There are plenty of other issues that need attention over this!

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The best thing I did was to stop

working in Japan-the tax grabbing by the state is too much!

Wonder where you live now?

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What happened to that 3rd arrow of Abe?

The major, distinct shift toward shareholder capitalism among corporates is certainly a legacy of that. Japanese companies started seeing record high profits and giving a bigger share of the bounty to "stakeholders" and less to workers, while hoarding record high cash piles and engaging in share buybacks. Thanks, Abenomics.

In fact, the wrenching effects of this 3rd arrow trend is what is mostly prompting the current debate on redistribution.

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Failed Neo-Liberal policies….

We need Basic Income

The Isshin party is associated with “neoliberal” policies and is proposing a Basic Income system this election…

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