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Has Japan government been working well?
- A angry scream from an unknown person
(and Japanese citizens)
2010/11/27
Greece went bankrupt and Ireland is almost going to the similar situation (or already).
Are other countries in Europe all right? Maybe not.
Financial conditions in many countries around the world seem to be very bad. Considering
the strong Japanese yen and interest rate of Japan government bond, Japan seems to be OK
financially. However, many Japanese people are suspicious about it.
Here is the rough summary of the post(No. 11) which seems to be copied and pasted many times
in a well-known giant message board called "2 channel" in Japan:
The total debt of national and local governments is more than 1000 trillion Yen. The debt
has been increasing by 6.6 billion Yen every hour and hugely increasing by 1.2 trillion Yen
in only a week.
In addition, the plan to return the debt of "national and local government bond" of more
than 1000 trillion yen which has been discharged since past and has to be returned in 60 years
is never made.
Under this terrible financial condition, although the maximum tax revenue of national
government in bubble period was just 60 trillion yen, Japan government has been drawing up
a budget which is more than the total amount of tax revenue whether or not economy is good
every year.
Moreover, as for a couple of 10 trillion yen which is the amount of lacking, "national bond"
of borrowing which is planned to be paid back in 60 years is always used from the taxes of
national budget. This huge unreasonable debt of borrowing from citizens' taxes is used to pay
the average salary of more than 700 million yen for government employees, which is the highest
in the world and 40% higher than that of workers in private companies which pay taxes with
efforts. In addition, the borrowing of retirement benefits is also used to pay the average
amount of 30,000,000 Yen for the retirement allowance for government employees. Furthermore,
the average amount of 210,000 Yen of mutual aid pension for government employees which is paid
until they die and is three times higher than the maximum amount of national pension for general
citizens, 66000 Yen per month (half of the amount of supplemental security income, and citizens
have to pay all of the amount to get the right for 40 years with their own money every month),
is paid through government debt. How can Japan government avoid bankruptcy?
In addition, if Japan goes bankrupt, how can Japanese citizens survive under the conditions
that national food self-sufficiency is 40% and energy self-sufficiency is 4%?
By the way, most of the debt (national and local government bond and short-term debt) of 1000
trillion yen in 60 years repayment was borrowed in recent years, and considering the reality that
the repayment of the debt of "national and local government bond" of 60 years repayment, those who
have to return the huge debt (national and local government debt and short term debt, etc) of more
than 1000 trillion yen of 60 years repayment discharged in the past are young people whose population
will hugely decrease and children and unborn babies who even do not have the right to vote and cannot
make a choice of politics.
Recently, most of Japanese people in private companies are very angry to government employees
whose benefits are crazy and unreasonable.
Until recent years, many hidden benefits and secret systems of government employees have not been
disclosed to general citizens. However, so many unreasonable treatments have started to be found recently.
Japan is not a capitalistic country in reality (partial capitalism). Therefore, great and creative
companies such as Google and Apple will not come out for a while.
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