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Young are fewer and fewer, there will be few tax income to pay pension to the old people, thus, the government either slash the pension or raise tax. And it is
by tanilama 9y ago
Young are fewer and fewer, there will be few tax income to pay pension to the old people, thus, the government either slash the pension or raise tax. And it is death spiral anyway.
Japan's good days are indeed numbered. The breakpoint will come, and I would predict an huge exdous of young people leaving Japan, because they don't want to spend their whole life working for older generation then finding there will be no one for themselves.
- mistermann 9y agoBut where will they go as the same thing will be happening to most western countries as their tax base is hollowed out due to the failure of largely trust based basis of their taxation systems, and as more and more economic activity has moved overseas or under the table, and profits stored outside the formal system?
- tanilama 9y agoThere will be countries that will die later.