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Politics : Ask Michael Burke

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To: Ahda who wrote (99191)	6/11/2003 3:41:51 PM
From: Yogizuna	Read Replies (1) of 132070

>>>> TOKYO - Japan is considering taxing all cash and savings in an effort to force its people to spend their money or lose it, according to Shukan Gendai, a leading Japanese newsweekly. The plan, as outlined in the magazine, calls for an annual tax of 3% to 5% on all savings and time deposits in the country. <<<< Holy cannoli, now that is radical, and will definitely stir the pot up big time! Americans tend to save too little, and the Japanese too much, so somewhere in between is what would be best for both countries. But the big question now is, what sort of "shock therapy" would be best to force Americans to get whittle down their increasing debt load?

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