How to waste tax-payers’ money 101

As of March 2009, Japan‘s population is 127,076,183,

via Demographics of Japan

The Japanese government hires one million people. Compare this to the 1.7 million hired by the US government, to govern a population thrice as large as Japan’s. I don’t advocate kicking people out of jobs, but there are clearly inefficiencies that must be eliminated.

[Japan] bought 179 F-35s when they’ve only built 63 (ever) [i.e. when only 63 have been built - by the U.S., that is, Japan doesn't build them] and cost hundreds of millions of dollars per aircraft.

quantitative easing (if, like Pooh and me, you did know what QE is but have forgotten, these articles are helpful: “Does QE work? Ask Japan” and Wikipedia’s “Quantitative Easing: In Japan“)

subsidies for electric cars (for why this might not be a good idea, Google “Broken Window Fallacy“, or, like the author of Save Japan, read Hazlitt’s classic “Economics in One Lesson“; free PDF download available from Mises.org)

via [Weekend Countdown]: 8 Reasons Why Japan Should Not Increase its Consumption Tax « Saving Japan.

Nederlands: Voorkant van het boek Economics in...

Image via Wikipedia

Enhanced by Zemanta

I recommend the following guides: Brett Kelly's "Evernote Essentials", Dan Gold's $5 guides to Getting Everything Done with Evernote and Springpad, and DocumentSnap Solutions' Paperless Document Organization Guides. Be sure to try DocumentSnap's free email course on going paperless first before buying his products. Sign up for it on his homepage.
Disclosure of Material Connection: My recommendations above are “affiliate links.” This means if you click on the link and purchase the item, I will receive an affiliate commission. Your cost will be the same as if you order directly. I only recommend products or services I use personally and believe will add value to my readers. I am disclosing this in accordance with the Federal Trade Commission’s 16 CFR, Part 255: “Guides Concerning the Use of Endorsements and Testimonials in Advertising.”