Japan's Hometown Tax (2018)
Japan is writing the economic textbooks. Tremendous government debt, nearly 100% total tax burden. Quantitative easing will tend to target entities in say Tokyo. It creates an imbalance that will only get worse as people move to Tokyo to get some of that QE. Negative interest rates, they basically are giving away free money so that the economy doesn&#x27;t blow up in a deflationary death spiral. This imbalance to then be fixed comes in form of another tax? The hometown tax?<p>Worse yet, the government debt to gdp is still increasing. Debt still going up and up because they havent balanced the budget since the early 90s.<p><a href="https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Lost_Decades" rel="nofollow">https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Lost_Decades</a><p>Japan has lost 3 decades so far because of high taxes and high debt. You can&#x27;t default on the debt, it&#x27;s your own people who own the debt. Defaulting would mean your elderly have to go back to work. Yet it&#x27;s worse... Japan has a major silver crime issue and well unspoken probable slave labour problem.<p>The fix for Japan is so simple yet for 30 years nobody has been willing to do it.