fxgai comments

Billionaires' wealth more than doubles in 10 years: UBS

A bunch of losers aren’t they!

My wealth has multiplied by waaaay more than double over the last decade.

While lifting the threshold will reduce annual tax revenues, DPP leader Yuichiro Tamaki, a former Finance Ministry bureaucrat, has argued increasing people's disposable income will boost consumption, leading to higher corporate earnings and tax revenues.

All the people who already make well over 1.03 million will get to keep more too, for doing no extra work, so it’ll be a lot of tax revenue gone, for which the extra cash in pockets of these low income workers will have to make up for in extra consumption.

I wonder if Tamaki will resign as an illiterate if the tax revenues don’t increase as he imagines. It’s a classic narrowing of the tax base, so not great policy on the surface.

I feel sorry for his kids

imagine having a monster like Watson as your dad.

a long-pursued disaster ministry

The entire government is a disaster

Just the headline is like a Bee headline.

downvotes… it was an honest question

It won't help full-time workers

oh it will

What’s good about Arizona for bank accounts?

and first result is here.USD under 150JPY.USD diving down hard.

Short term fluctuations.

I’m looking for the right time to once again sell yen for dollars, and virtually any other currency to be honest.

The yen stinks and is going the way of the Turkish lira methinks. Higher interest rates won’t be consolation if the depreciation continues to outpace it, which is my base case.

The currency was also supported by forecasts that the Federal Reserve will lower U.S .rates at its December meeting -- narrowing the yield differential and making the Japanese unit more attractive to investors.

Less unattractive, is more apt. It’s not like it is attractive to investors.

removed the endless posts encouraging them to kill themselves, mocking them for being different, gay etc,

The social media I use us never shown me anything like that, what are you watching?

Plus my kids don’t have ready access to unsupervsied internet. This isn’t difficult…

Whoops,

Parents don’t wan’t to be the bad guy in the family and annoy some little kid, 

The Australia is doomed. Parents have responsibilities and raising the kids is one of them. Australia has lost it if it thinks central government decree can be a substitute

Parents don’t wan’t to be the bad guy in the family and annoy some little kid,

the populist far-right Conservative Party of Japan.

Sheez even Kyodo has now been infected by this “far-right” slur disease that is prevalent in western media?

Kawamura was just a guy who wants to have lower taxes, stop calling this “far-right” already. It’s just normal common sense, and viva la libertad carajo!

Bitcoin isn’t investment, it’s pure speculation.

Investment on the other hand makes the world go around bd and you’d not be reading JT without it.

Supporters claim that crypto subverts capitalism because it bypasses traditional bankers. 

I never heard that one before.

And who cares if some people control their cryptocurrencies, no one is forced to use them.

The waste of energy is the only thing I have against it but people waste energy on lots of things.

If confirmed by the Senate, he would be the nation’s first openly gay treasury secretary.

His qualifications and thinking on economic matters are of interest, but his private matters are not… AP, come on.

He is level with Margaret Court for the most major singles titles by any player and would dearly love to overtake the Australian in Melbourne.

Uh… what?

Is there a shred of evidence to support this assertion about his motivations in this regard?

Me, I think this media narrative is almost as dumb as having men compete in women’s boxing

Never thought it would get to 100K this year.

Maybe I will put in an order to buy some at 25K… maybe

Also feel blessed to have had a childhood running around the bush, climbing trees and getting into mischief.

So isn’t this all an issue for parents?

Who really wants to entrust their kids to government? Like they would know better what to do for the kids?

Our job is to put in place the necessary protection for kids online,” Chalmers added.

I don’t think that is a function or responsibility of government at all.

Reduce consumption tax on food for Gods sake.

Slippery slope. Other taxes will go up.

Broad based low tax is the best in class approach.

Give people who can’t afford food with tax a bit of the tax revenues to compensate.

No need to give rich and well off folks a break on their fine steaks.

"We came here to talk about money. The way you measure money is with numbers. We need a check but all we have right now is a blank piece of paper,"

No comment

If Ohtani pays a max rate of 60% (I don't know the specific number), giving him an extra 800,000 a year tax free means his tax bill falls by 480,000 yen

I think you’ll find that the rich pay the same tax rate on that low level income as everyone else. The top tax rate applies to the marginal income above a given tax rate threshold, eg he only pays the top rate on the higher part of his income.

Bad policy, I don’t think it is going to help!

They should have cut marginal tax rates, which would incentivize ALL workers to earn more, not just those working part time jobs.

This way they are going to throw away trillions of yen of tax revenues from those workers who earn decent wages, while giving them no extra incentive to try to earn more.

How come Japanese politicians are all so poor at tax and economic policy?

Shoot em down first next time, ask questions later.

Time for a free market in rice, without MAFF interference.

Bring DOGE to Japan, price controls are one thing we can do without.

Ishiba, who became Japan's prime minister in October, is pushing for a free and open international order

… just Japan will be sticking with all its tariffs and trade barriers. Besides that though.

Sounds like an easy come, easy go type who bought a Ferrari and then blew him/herself up financially and didnt have any free cash available to pay taxes incurred before blowing up… fun life!

I don’t blame JT, they are just posting articles written by overseas legacy media, which are all infested with bias.

Gold is down for now, but if the new admin including house don’t deliver on getting govt spending (the real problem - not growing tax revenues) under control gold will be doing well again. And it’s only a matter of years and elections before the US government does start spending like crazy again.