Sunday, September 14, 2008

While seeking taxcuts

for its corporate members, Keidanren wants to help Japan by punishing domestic consumers. No problem, export everything to other countries and let Japan's residents subsidize it.

The Japan Business Federation will call for doubling the consumption tax rate to 10 percent by fiscal 2011 and urge the government to fund all budget outlays for the state-run basic pension plan with tax revenues, the group's draft policy recommendation showed Saturday.

Great idea brought to us by a bunch of old men with no new ideas.

(Quote above from Japan Times Online)

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