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[Honkon-san] Will we see an era of huge tax increases thanks to the Japan Restoration Party?

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The following is from X

【HonkonPosted by:

引用元　https://x.com/hong2010kong/status/1896913322538324283?s=51&t=y6FRh0RxEu0xkYqbQQsRrQ

Everyone's comments

  • The budget for the Osaka Expo is ballooning, but I wish they would stop forcing the burden onto the people. In the end, won't we end up paying the price in the form of higher taxes?
  • It is said that the World Expo will have an economic effect, but it is questionable whether it will really be a success. Many past World Expos have left only financial burdens after the end of the event.
  • The Japan Innovation Party has touted "reform," but in the end all it does is use tax money to hold events and pass the burden onto the public.
  • It is questionable whether casinos will really stimulate the economy. Their development requires huge amounts of money, and if it ends up leading to higher taxes, it would be counterproductive.
  • The combination of the Osaka Expo and the casino will require huge financial expenditures, so should the public really have to shoulder that burden? Surely there are other things that should take priority.
  • The government should stop wasting tax money, but if it continues to push the burden onto the people for the World Expo and casinos, it is far from reform.
  • They say it will have an economic effect, but I doubt it will actually generate profits. In the end, won't it just be the construction companies and a few other companies that benefit?
  • If we are going to raise taxes, we should cut wasteful spending first. If we have the means to spend money on things like the World Expo and casinos, we should prioritize cutting taxes.
  • It is said that attracting casinos will attract tourists from overseas, but risks such as gambling addiction and a deterioration in public safety cannot be ignored.
  • The Osaka Restoration Party has set the goal of growth for Osaka, but this will be meaningless if the entire nation has to suffer from tax increases.
  • The government claims that it "doesn't have the financial resources," yet continues to spend money on the World Expo and casinos. Doesn't it realize the contradiction?
  • I want concrete figures to be shown on how much of an economic impact the Expo and casino will have. In the end, won't we just be pouring tax money into them while the situation remains unclear?
  • It's strange that the burden of this project, which is limited to Osaka, should be spread across the entire nation. It would be one thing if it was just a local project, but I don't agree with paying for it with tax increases.
  • With the people's lives becoming increasingly difficult, can we really afford to spend tax money on such a huge project? Shouldn't we use more of it to support people's lives?
  • I think both the Expo and the casino will only benefit big corporations and a few people involved. I wonder if there are any real benefits for the people.
  • They are overconfident about the economic effects of casinos. There have been many failed attempts to attract casinos overseas, so do they think they will be successful in Japan?
  • The Japan Innovation Party is pushing ahead with this, but if it results in an increased financial burden, how do they intend to take responsibility? It cannot be resolved by simply pushing the burden onto the people.
  • It's scary to think that we don't know how much the budget for the Expo and the casino will balloon. In the end, additional expenditures will be required one after another, which could lead to tax hikes.
  • If they are hoping for an economic effect, they should first review the performance of past World Expos and casinos. I would like them to show concrete data on how much profit they have made.
  • If the government cannot survive without raising taxes, then the plan itself is unreasonable. Policies that only cause hardship to the people should be reconsidered.
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JapanNewsNavi Editorial Department A's Opinion

The Osaka Expo and casino plan has been pushed forward by the Japan Restoration Association. There is growing concern that the burden will be a heavy one for the people. As Honkon points out, we may be entering an era of large tax increases. In particular, the cost of the Osaka Expo has continued to balloon far beyond the initial budget, raising the question of who will foot the bill.

Another issue with casinos is raising development funds. The government and local governments emphasize the economic benefits, but it is unclear whether these will actually be realized. Meanwhile, it has been pointed out that the tax burden may simply increase. Ultimately, there is a deep-rooted suspicion among the public that taxes will be increased in order to secure financial resources.

Who will shoulder the burden of the Osaka Expo?

Hosting the Osaka Expo may have a certain significance in terms of increasing Japan's international presence. However, the problem is the enormous cost. The budget required exceeds initial expectations, and it is likely to continue to grow in the future. Attention is focused on how the Japan Innovation Party and the government will respond to this.

There are also many unclear aspects regarding how the site of the expo will be utilized after the expo ends. There is also the possibility that the facilities, which were built with a large amount of tax money, will end up being wasted. Given these points, there are concerns that the public will end up having to shoulder the costs of the Osaka Expo.

Furthermore, there are doubts about the economic impact of the Expo. Looking at countries that have hosted previous Expos, there are few examples of significant long-term economic growth. It is necessary to carefully consider whether the expected economic impact of the Osaka Expo will be balanced with the actual tax burden.

The relationship between casino development and tax increases

The development of a casino in Osaka is aimed at strengthening Japan's tourism industry, but the development requires huge amounts of capital, and there is a problem as to where that capital will come from.

The government and local governments have said they will use private capital to cover the costs, but it has been pointed out that in the end, it may be unavoidable to inject public funds. If that happens, taxes will be used for casinos, which will increase the burden on the people.

Furthermore, we cannot be optimistic about the economic effects of casinos. Even around the world, there are only a few successful examples of casinos, and it is unclear whether they will lead to economic revitalization. There are concerns that there is a greater risk of them causing social problems such as gambling addiction.

Considering this situation, it is entirely possible that the burden of the Expo and casino will be passed on to the public. I feel that careful examination is needed to see whether these projects promoted by the Japan Restoration Party will really be beneficial for the public.

Written by: Editorial Department A

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