Thursday, August 09, 2012

The Japanese Consumption Tax

$$ - Japan's version of the Tea Party. Housewives with frying pans protesting the doubling of the consumption tax! 
Japan has a huge deficit, and the government is proposing to take the consumption tax from 5% to 10%.  This is something to watch, because there are folks who want to do that here in the United States, too.

Housewives With Frying Pans Protest Japan Tax Hike as Debt Soars

About 200 housewives marched down a shopping street in central Tokyo, beating pans with ladles and shouting slogans criticizing a government plan to ... Read more

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