Damn, I just learn that 44% of the Japanese economy is government spending. That doesn’t seem very sustainable to me, but what do I know. Damn. Crazy
Damn, I just learn that 44% of the Japanese economy is government spending. That doesn’t seem very sustainable to me, but what do I know. Damn. Crazy
Do that means the government invested directly in the economy like owing companies and factories and other jobs creating mediums?
That would include paying teachers salaries and paying companies to pave roads and clean the city, pension, subsidies for various reasons including lots and lots of fraud lol
In Japan I think it's so high because of nationalized insurance, which in theory could be a great thing, but in reality means old people can pay $6 to get an ineffective lazy massage and go every day just to socialize. The government will pay another $25 to cover the rest of the fee.
Well, I don't see that as a negative thing. If the government can support the citizens by way of providing incentives , paying pensions and subsidies to make things cheaper, that a great development.
As for fraud, it's a global phenomenal affecting every government and officials.
All of that money either comes from taxpayers or more likely it's part of the insane national debt. Japan has the worst national debt of all economically stable countries, though it's mostly owned by Japanese bond holders I believe so they aren't beholden to another country, only to Japanese Boomers as a whole who control everything.
If they can consistently give back to the citizens in any way, it's a good thing because in Africa or my country to be precise, even for people to get their pension is a big deal.
I think the problem is that they can't consistently give back to citizens. They give everything to the older generations at the cost of younger generations.
I'm happy when they can take care of the elderly but they aren't efficient about it at all, ever and it causes inflation and in Japan particularly crazy high taxes on self-employed people which is contributing to killing the overall economy.
Everything to the older generation doesn't look too good, at least there should be a balance.
Too much of taxes kill the economy and forces businesses to crumble easily.
Yes, that and too much regulation makes Japan very difficult, although to be honest, USA has a lot of regulations in some states, maybe even more than Japan. In Japan I have double regulations to deal with cause I'm a foreigner.
You can get a citizenship paper to reduce the regulation pressure, or are you on a work visit there?