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© Thomson Reuters 2020.Suga to announce plan for fresh stimulus package next week
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© Thomson Reuters 2020.
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Cricky
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.
fxgai
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.
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)
Do the hustle
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.
indigo
OH YES PRINT THE MONEY !!!!!!! we need more toilet papers!
u_s__reamer
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?
JeffLee
@fxgai
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.
PharaohChromium
Thanks Suga! More Bitcoin for me!