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If your income doesn't go up, the sales tax will be a burden.

8 Comments

Tomo Kinoshita, chief economist, Japan at Nomura, referring to the looming hike in the sales tax. (CNBC)

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8 Comments
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No s##t.

0 ( +0 / -0 )

No it won't if you buy tea, rice, veggies and fruits from local farmers where taxes aren't applied.

0 ( +1 / -1 )

Genius!! No wonder Nomura are such an international powerhouse in the world of high finance.

1 ( +2 / -1 )

How much does this guy get paid?!?!

1 ( +1 / -0 )

Hey. did you know that if you spend money, you will have less money left. And if you don't spend money, you will keep all of it?? Now, where's my chief economist salary and bonuses??

-1 ( +1 / -2 )

One liner chief economist representing Nomura Japan :)

1 ( +1 / -0 )

"...If your income doesn't go up, the sales tax will be a burden. ..."

Well thanks Captain Obvious

1 ( +1 / -0 )

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