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This article sounds like a paid advertisement for Abe. Let's see, earlier this year, he was campaigning for companies to use their piles of cash to increase wa
by mattm 12y ago
This article sounds like a paid advertisement for Abe.
Let's see, earlier this year, he was campaigning for companies to use their piles of cash to increase wages. What does his government do? He cuts salaries for teachers.
Also, living in Japan as a foreigner, his foreign policy stances worry me. He is antagonistic. He was the first PM to visit the infamous Yasukuni shrine in 6 years provoking China and Korea. He also is currently trying to reopen the constitution so that Japan can support it's own army which will further destabilize relationships in the region.
Sure, he's cutting the corporate tax rate but he raised the consumption tax 3% a couple months ago and will go up another 2% next year. Prices are already very high in Japan and the government already receives a staggering amount of revenue. There are so many taxes and licenses and import controls here it's unbelievable.
The linked article said base pay increased 0.1% from a year earlier. Hardly an indicator that his policies are working. Plus factoring in the consumption tax increase, it means people have less disposable income.
My wife works as a homecare nurse and she has countless stories of families that are struggling to get by. A large percentage of the population is elderly and live on very fixed budgets. Abe wants to increase inflation but has no policies on addressing how to support these people during the transition. 25% of the country is already over 65 and this will keep increasing. Recently coverage for prescription drugs also went down meaning seniors need to pay more for their medicine.
- hkmurakami 12y agoFurthermore, iirc there have been longstanding talks to delay the "retirement age" (and thus the start of state pension payments) form 65 to 68. For as long as I can remember, said state pension has been under water, and current 20 year olds are expected to be paid something like $200,000 less than what they put into the system. The country has some good things going, but it is also littered with numerous time bombs.
- mattm 12y agoThis is a good point. The pension system, as it stands now, is just basically another tax.