Japan doubling sales tax could mean less revenue, not more

The headline story here points out very clearly why Japan has two lost decades behind it. The country tries to gin up growth via fiscal and monetary stimulus when it lapses into recession. A gaping hole opens up in the government's books. Then the Japanese stomp on the brakes by raising taxes and recession comes roaring back. This is exactly the fate that awaits the United States if it continues on the present path. Most pundits fail to understand this and the article below is a prime ...


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