The Constitutional Democratic Party of Japan announced its campaign pledges for the next House of Representatives election on the 7th. The bill does not include the consumption tax cut that was advocated in past national elections, but instead clearly states the introduction of a “tax credit with benefits” that combines benefits and tax cuts. Emphasizing a shift in monetary policy, such as changing the Bank of Japan’s price stability target from the current “2%” to “above 0%” For details, see source 2024/10/7 Previous thread.
Elderly people “Make prices cheaper so that we can live comfortably even on pensions!” vs. Younger generations “If prices are low, salaries will remain low too, right? Stop messing around, you old people.” Fight!
The Constitutional Democratic Party should study the Phillips curve. Students will laugh at them. Roughly speaking, a 1% fall in the inflation rate increases the unemployment rate by 1 million people.
The lost 30 years are justified. Raise taxes and continue to lose. If we don’t do that, the finances will go bankrupt and the people will become unhappy, according to Zaim Shinrikyo. It seems that…
Either way, there’s going to be 1% rich and 99% poor, so isn’t it better to aim to be part of the rich 1%? It’s tough being the child of a poor person.
If we abolish the consumption tax, inflation will occur, and over the last 30 years, the economy has been doing well, but then the tax rate is raised and it cools down again and again.
>>23 It’s even worse when you’re only talking about yourself, a bottom-feeder whose household finances haven’t even increased and whose salary hasn’t increased.
The local old folks were on Ishiba’s side, but Ishiba has awakened to Abenomics, so we’ll vote for Constitutional Democratic Party member Noda, who will lower prices. It has nothing to do with the future.
If you don’t have money, just live with a big family. With the future national strength of Japan, it will be impossible for anyone other than the extremely wealthy to continue living alone.
The wise Shirakawa had advised Abe that inflation targets were unnecessary in the first place. The current situation has arisen because of the inflation target and the delay in getting out of the way.
To >964 in the previous thread, An inflationary structure is a situation where companies and consumers think that because prices go up every year and wages increase, buying now is the cheapest way to buy. A deflationary structure is a situation where companies can’t raise prices and have to make them cheaper, so people refrain from buying because they think that if they wait, prices will go down eventually, so it’s very much a mindset thing.
If you’re struggling financially, it’s your own fault, and it’s not society or politics’ fault. What have you been doing? If you’ve got a good, well-paid job, and you’ve saved money and invested it, you shouldn’t be struggling.
Well, it would be a problem if prices rose too much, and I’d welcome it if it would calm things down for the time being, but I don’t think it’s as simple as that.
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