Fifty-Two Trillion 540 Billion Yen! – Tax Abe Administration Throws Around Overseas During A Brief Period of Four Months
I think this is an easy-to-understand video. I suppose that this kind of topic should be taken up and properly covered by NHK.
April 6, 2014
English translation of an excerpt from a Japanese article: Sayufutattomaundo HP – March 30, 2014 –
[Video Postscript] Fifty-Two Trillion 540 Billion Yen! – Tax Revenue Abe Administration Throws Around Overseas During A Brief Period of Four Months
A consumption tax will be increased to 8 percent on April 1, 2014.
Official reason for it is reportedly to boost tax revenues.
However, tax increase brings about a downturn in economy due to a reduction in consumer appetite and ends up shrinking tax revenues. It was proved when a consumption tax increase from 3 percent to 5 percent was implemented.
Furthermore, according to statistics, “a consumption tax hike by 1 percent will generate only 2 trillion yen of tax revenue increases.” So it turns out that 3 percent increase in consumption tax will generate only 6 trillion yen of tax revenue increase per year.
Some people say that this is also fabrication and in fact such increase will negatively affect and diminish economy. I agree with them.
And yet, the Abe administration has thrown around tax of 52 trillion 540 billion yen overseas. It somehow demonstrates the fact that securement of tax revenues, which the government states as an official reason for tax increase, makes no sense.
A huge national debt is created in this way.
It is meaningful to disseminate information contained in this video to increase the awakening just before implementation of a tax increase.
I hope this video will make as many people as possible realize that the Abe administration intentionally do something that leads to making us unhappy just for self-interest.
[Correction] There was a comment that 50 trillion yen of U.S. government debt was purchased on January 14, 2013 at 12:46 JST. A period of four months was wrong.
Correctly speaking, 52 trillion 540 billion yen during a period of one year and three months, 2 trillion 540 billion yen during a period of three months from January to March 2014 have been thrown around
At any rate, however, the fact remains that a total of 52 trillion 540 billion yen has been thrown around.