The major problem Japan is facing is demographics... They need to do everything they can to encourage fertility...
Like for example giving a substantial amount of money for people when they marry - only first marriage so people can't abuse it - and giving a 5 or 10% tax break per child.
Let's suppose the income tax there is 25% (probably is more) and with 5 kids someone has zero taxes. A five kids family will buy much more products than a childless one,
So even though they don't pay income taxes, they will pay much more sales taxes - this could be increased for a little - and that way the government would have more revenue.
In everything else, Japan seems to be doing very, very well. Just look at their Quality of Human Conditions index:
Their PPP GNI is 4.812 trillion PPP dollars (2013);
Literacy rate 99%;
Tertiary Enrollment Ratio 87.87 (2012);
Life Expectancy 83.10 years (2012), the highest in the world;
Democracy Index 8.08;
And national IQ of 105, the third highest in the world.
The only real problem Japan faces is demographics. Provided they had enough people to keep the cogs spinning and to sustain the old people, also that they axe the old restrictions they have in their Army and...
I guarantee Japan would be a very stable major player in the planet. Never a super-power (they don't have enough people, resources or geographical space for that) but certainly a world power.
Like for example giving a substantial amount of money for people when they marry - only first marriage so people can't abuse it - and giving a 5 or 10% tax break per child.
Let's suppose the income tax there is 25% (probably is more) and with 5 kids someone has zero taxes. A five kids family will buy much more products than a childless one,
So even though they don't pay income taxes, they will pay much more sales taxes - this could be increased for a little - and that way the government would have more revenue.
In everything else, Japan seems to be doing very, very well. Just look at their Quality of Human Conditions index:
Their PPP GNI is 4.812 trillion PPP dollars (2013);
Literacy rate 99%;
Tertiary Enrollment Ratio 87.87 (2012);
Life Expectancy 83.10 years (2012), the highest in the world;
Democracy Index 8.08;
And national IQ of 105, the third highest in the world.
The only real problem Japan faces is demographics. Provided they had enough people to keep the cogs spinning and to sustain the old people, also that they axe the old restrictions they have in their Army and...
I guarantee Japan would be a very stable major player in the planet. Never a super-power (they don't have enough people, resources or geographical space for that) but certainly a world power.
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