In the LDP presidential election (announced on the 12th and voting on the 27th), the topic of debate may be whether to strengthen financial income tax on stock dividends and trading. Former Secretary-General Ishiba Shigeru indicated a policy of strengthening taxation, while former Environment Minister Koizumi Shinjiro and former Minister of Economic Security Kobayashi Takayuki emphasized their opposition. On the 3rd, Koizumi told a group of reporters in Tokyo, “Now is not the time to discuss financial income taxation.” He expressed the view that the flow from savings to investment should not be stopped. Nikkei Shimbun, September 3, 2024, 9:15 (Updated September 3, 2024, 13:13).
>>1 As long as tax revenue is an issue, taxes will be necessary regardless of the state of the economy. Well, even the finance bureaucrats know that raising the consumption tax rate will worsen the economy and reduce tax revenues, so they will likely choose to make up for the shortfall in tax revenues by taxing unearned income, and comprehensive taxation will come into play eventually. So, I would recommend that anyone with passive income become a believer in MMT, because if there is no inflation, there is no need for taxation.
Former Prime Minister Suga Yoshihide, who is backed by Ishiba, is the lowest scum. He will be the head of the Japan-Korea Parliamentary League. It is said that the Sakura scandal against Abe was also a plot by former Prime Minister Suga Yoshihide. He is also the one who appointed David Atkinson, an inferior British pig who looks down on the Japanese and gets completely beaten up. And now he’s supporting Ishiba?! Former Prime Minister Suga Yoshihide, a despicable traitor, should disappear from politics as soon as possible! You are the enemy of Japan!
Instead of that, I think they should pass a law to prevent resale. It would be better to prohibit the sale of products that are currently on sale or have been on sale for less than a year at prices that exceed the list price.
Most of Asia has no capital gains tax. If this is the case only in Japan, it’s no wonder the rich want to flee. If you do raise it, start from an annual income of 500 or 10 million yen. Japan is of poor quality because it takes equally from both the rich and those who don’t have much.
>>41 No way. The cult Liberal Democratic Party is a tax increase cult. The only people who are like Kishida Fumio are those who grew up being told by their parents that raising taxes will get them to heaven.
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