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Japanese Voters Reject VAT Hike (Land of Rising Sun Out of the Growing VAT)
ATR ^ | 7/26/10 | Jeremy Weltmer

Posted on 07/26/2010 2:58:26 PM PDT by Andrea19

...Yet just as one can expect of the struggling Democratic Party here in the U.S., he refused to lay the blame on failed and unpopular policy. “The prime minister admitted after Sunday's election that the strategy didn't work. ‘My discussion on the consumption tax was received by the voters as rather abrupt,’ a sober-faced Mr. Kan said at his news conference. ‘I, myself, feel that a big reason [for the defeat] was I didn't explain it well enough.’”

It seems that Messers. Kan and Obama have something in common: an inability to consider that voters do not look favorably on lawmakers’ desires to increase tax rates, or in Mr. Obama’s case, impose a national VAT. While the implementation of the Japanese subtraction-method VAT differs substantially from the European-style VAT suggested by Obama’s advisors and officially still on the table in spite of its crippling effects, both leaders seem incapable of conceiving of a government constrained in what it can extract from the economy. One can only hope that the significance of the public’s will as expressed in elections will eventually sink in for the sake of those voters who gave these men their jobs...

Read more: http://www.atr.org/japanese-voters-reject-vat-hike-a5249#ixzz0upNZeif8

(Excerpt) Read more at atr.org ...


TOPICS: Business/Economy; Government; Miscellaneous; Reference
KEYWORDS: economy; elections; japan; taxes
Can we voters in the States get rid of the taxing politicians?

Help promote Conservative activism here & here & here & here

1 posted on 07/26/2010 2:58:33 PM PDT by Andrea19
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To: Andrea19

“I just didn’t explain it well enough”.

mmmmm, where have I heard that before...


2 posted on 07/26/2010 3:09:03 PM PDT by phockthis
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To: phockthis

It could be easily explained if they just told the truth. But then they never would get another raise in taxes


3 posted on 07/26/2010 4:40:41 PM PDT by chesley (Eat what you want, and die like a man.)
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