Tuesday, October 4, 2011

Blog#1 Tax and earthquake

Shuhei Wada

According to a Japan's ruling DPJ party outlines plans for quake-tax" in BBC news, the government ,democratic party" is planning to rise tax. "The new tax plan will increase taxes on incomes, companies, property and tobacco." by BBC news. According to the 2011/08/02   lecture meeting of "Mitsuhashi Takaaki,"  Rising tax in the economic deflation will cause lower tax income and it is common sense for economists. Government should print more money for earthquake and deflation.  According to the TV program According to 2011/09/11 nikkei women online "Rising of tax will makes your effort for saving money nothing", people will save money since the economic condition is bad. In addition to the economic condition, there might be rise of tax. This will promote people to save money. According to Mitsuhashi Takaaki, if people do not consume, economic in Japan will never be better. What Japan need is higher consumption to recover economic.


4 comments:

  1. Masashi Yamada

    The problem of raising tax is often talked about by many people. For me, it is difficult to state the topic because I have little knowledge of that. There are many articles about approving the raising tax in many newspapers, but I don't believe in them because there is no newspaper which disapprove of that. After school festival, let's talk about this topic!

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  2. This topic is very difficult for me. Surely, there are some plans of raising tax in Japan. I think that Japan will make a tax increase in near future. But, if we experience the raising tax in Japan, there will be some confusion. So, it is very important for Japanese government to explain how to use money properly to the people, for, The government often makes insincere promise.
    Kako Furukawa

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  3. To tell the truth, I don't agree with the policy of raising tax, bacause I think the nation has many unclear points of the way of use tax.
    But I also know Japan should raise tax for the future. I think the point is to raise which kind of tax. Is it income tax or a consumpution tax or other tax...?
    I continue to watch this news carefully.


    Narumi

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  4. Shuhei,
    Can you put a title above the video or below it so we know what it is?
    And fix your English - do you mean economic, economics, or economy? Please review and fix these up.
    As I have little knowledge about economics, I don't understand a couple of things. You wrote:
    Rising tax in the economic deflation will cause lower tax income and it is common sense for economists.
    Can you explain? I don't understand why higher taxation will result in lower tax income.
    And I don't see how raising taxes causes people to automatically save money. Can you explain about that too?
    All I know is that if my income tax increases, my salary will be less, and I will have less money to spend, so I might be worried about how much money I have and save it instead of spending it. Is this part of the answer?
    Please explain to all of us in a comment to this blog or on the blog post itself (and signal on the blog that it is new information or answer to my comment).
    Yoroshiku,
    Ms. MacGregor

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