politics

Suga to announce plan for fresh stimulus package next week

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So I'm guessing large corporate companies are going to get wads of cash that my grandkids have to pay for. At least I don't have to pay for it, not that I could.

2 ( +3 / -1 )

"It's better to avoid making Japan's fiscal cliff even steeper" by ramping up near-term spending too much, one of the sources said.

Why so?

It's 2020 and MMT is a thing in some circles.

So let's just have a 10,000,000,000 trillion yen stimulus package and everything will be faaaaaaaantastic.

The package is likely to include extensions to existing programs offering subsidies to help companies keep jobs and address funding strains, the sources said.

This is the beginning of a really bad story. Once subsidies become entrenched it will be difficult for them to be abolished. And there is no money to pay for this (unless one is an MMT believer)

-2 ( +0 / -2 )

It’s all about padding companies. The extension of the travel subsidy will mean very little when 60% of the workforce are struggling on short-term or part time contracts. More reverse Robyn Hood economic policies. Steal from the poor and give to the rich.

1 ( +2 / -1 )

OH YES PRINT THE MONEY !!!!!!! we need more toilet papers!

3 ( +4 / -1 )

More reverse Robyn Hood economic policies. Steal from the poor and give to the rich.

Enabled by latter-day "Sheriffs of Nottingham" like Reagan, Thatcher, Nakasone, Clintons, Bushes, Obama, Trump, Abe and now his side-kick Suga, Robbin' Hood's been on a roll for the last 40 years of "socialism for the rich" and red-in-tooth-and-claw "capitalism for the poor". Must it be Covid that comes to our rescue?

0 ( +0 / -0 )

@fxgai

And there is no money to pay for this.

There's lots of "money" to pay for this, unless you believe that Japan can run out of a currency it has the sole authority to issue.

0 ( +0 / -0 )

Thanks Suga! More Bitcoin for me!

0 ( +0 / -0 )

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