(The Tokyo Imperial Palace Plaza in the summer of 2010; Who is to meet me here? Swans?)Whose Life, Whose Money?
There are more than 40,000 old citizens 100 years old or older in Japan.
In Tokyo, more than 3,500 citizens are 100 years old or older.
A 111-year old man whose family members claimed he was alive till a few days ago has been found "dead since November 1978" as the old man was actually in a state of a mummy in his house or, specifically, in his own room. He was supposed officially, till the discovery of his remains by the police, to be the oldest man in Tokyo Prefecture.
Indeed it takes 32 years for a man or a woman, if not a public office, to understand certain truth.
SECTION I: Net Debt vs. GDP in JAPAN
Once in the UK, the ratio of the net public debt outstanding over its GDP was 250%.
Today, the ratio is around 60% in Japan.
In the gross national debt outstanding term, it is close to 200% in Japan. But, it is the net debt that matters even in the national finance, according to economist Mr. Yoichi Takahashi. And, as the Japanese Government has huge assets, the net debts obtained by subtracting the assets from the gross debts are not so grave at all.
(http://gendai.ismedia.jp/articles/-/505?page=3)
Mr. Takahashi asserts that if Japanese economy grows at 4%, its tax revenue will increase at a rate more than 4%. Then, the government will be able to forever pay interest to outstanding government bonds and the primary balance will be restored.
Bur, how the 4% economic growth should be realized in Japan getting involved so much in the low-wage Chinese market?
(Note: Recently Chinese workers in many factories and plants run by Japanese businesses in China have started to stage strike claiming a salary rise.
It is nice to see Chinese workers paid decently by Japanese management. But, there are also many Chinese businesses leaving China for South East Asia, since labor costs in the region are smaller than in China.)
SECTION II: Not Tax But Printing Yen Notes
Collecting tax is a concept when money meant coins made of noble metal.
Today, paper money has nothing to do with noble metal such as gold, silver, and copper.
In older days, the government used coins of noble metal to pay salary to soldiers and carry out public work projects.
Today, still the concept that collected tax must be equal to an amount of expenditures by a government persists. But, it is time to abolish it, especially in Japan.
Japan has the mighty industry sector that can compete well in the global market. Its ability and capability to supply goods and services are enormous. Japanese businesses have grown with an eye to the global market in addition to the domestic one. It has surpassed a sphere of possible inflation. Even before China started to supply a huge amount of products to Japan, Japan was entering the era of deflation due to its too large supply power.
However, when printing yen bills and using them for execution of a national budget, the Japanese government must take more conditions into consideration.
This new scheme of separation of tax collection and budget execution must be carefully introduced so as not to invoke a possibility of inflation or any other troubles in the market under capitalism.
But, fundamental justification is that the scale of the global derivative market was $596 trillion as of the end of 2008, which is 10 times larger than total GDPs in the world.
If the world is a nation, it means that the world government is printing paper money ten times more than its GDP, though including a form of credit granting. But, there is no inflation today in the world.
If yen notes the Japanese Government prints, independently from the Bank of Japan, are provided for aid for low-income citizens sick people, older people, handicapped people, and so on, the notes would be simply used by them for purchasing goods and services. And, they will be absorbed by the market while expanding its scale.
Without disturbing the capitalism market system, government notes can be spent through various channels provided that this policy is supported by well studied and proven theory and regulations.
MV = PY
M: the total amount of money in circulation
V: the velocity of money in final expenditures
P: the price level
Y: total output from industries
(M + m) x V = P x (Y + y)
m: addition of government notes
y: addition of production demanded by consumers spending "m"
Balance of supply and demand can be maintained.
This scheme would also reduce a number of crimes or quasi-crimes, since nobody needs pension benefits of himeslf or herself or a relative's any more.
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In Okayama Prefecture, 150 km west of Kyoto, a farmer discovered an old vase full of old copper coins in his farm lot where his family generation after generation were told that treasury was buried around the lot.
The vase reportedly was one made in the 16th-century. Those coins were mostly made in China, specifically in the era of Ming and Tang. The number of coins having been hidden in the vase for 500 years is 6,000, though this kind of discovery has been reported sometimes, or once or twice per decade or so in Japan.
(http://www.sanyo.oni.co.jp/news_s/news/p/2010072811273756-1/ )
In older days, Japanese people liked to use imported Chinese coins, though they had technology and copper mines necessary for mintage in Japan.
Indeed, it takes 500 years sometimes for a certain legend in a family to turn out to be true.
( http://syoutarou.com/nobarasakumiti.htm
Wild roses under summer sunshine were forgotten and left for so long, while somebody died and another married just like today...)
Act 7:30 And when forty years were expired, there appeared to him in the wilderness of mount Sina an angel of the Lord in a flame of fire in a bush.
Act 7:31 When Moses saw it, he wondered at the sight: and as he drew near to behold it, the voice of the LORD came unto him,
Act 7:32 Saying, I am the God of thy fathers, the God of Abraham, and the God of Isaac, and the God of Jacob. Then Moses trembled, and durst not behold.
Act 7:33 Then said the Lord to him, Put off thy shoes from thy feet: for the place where thou standest is holy ground.