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To: FJB who wrote (6216)7/8/1998 8:24:00 AM
From: orkrious  Respond to of 10921
 
Bob, Haruo Shimada in the first article in your last post states that Japan would have to issue deficit financing bonds to finance a tax cut. Does anyone know, can't these bozos just print money like other governments, or is there some law or constitutional amendment that would have to be passed before they can proceed with tax cuts if the cuts are projected to cause a deficit? Jay



To: FJB who wrote (6216)7/8/1998 8:47:00 AM
From: Mason Barge  Read Replies (1) | Respond to of 10921
 
*OT* LOL at the Japan tax article. I hope the IRS doesn't find out about this, they'll hire his speechwriter.

More seriously, no wonder Japan is having problems! The gov't is taking 65% of the profits in taxes, and doesn't even have the kind of military budget we do.



To: FJB who wrote (6216)7/9/1998 7:28:00 AM
From: Mason Barge  Respond to of 10921
 
*OT* The Inscrutable Orient, Part II

From the front page of today's NY Times:

<<One of the puzzles of Japanese politics is who actually does wield power, for there is general agreement that the prime minister is weak and that individual members of Parliament have much less influence than any member of the U.S. Congress. Certainly the answer is not the governors, for local leaders like Hashimoto have far less autonomy than do the governors of American states. >>