The Japanese Money Barons are doing great, but the Japanese man in the street has paid the price through hard work and little of the benefits. "Japanese laws discourage consumption. Income tax rates go up to 70 percent. There aren't any tax breaks for home mortgage interest or consumer borrowing Typically, Japanese can't afford a home until age forty, a decade later than Americans."15 Interest rates on savings accounts are low. "Small savers—the backbone of Japan's financial strength—suffer. They get less return than they deserve for their toil and thrift. After calculating the effects of inflation, small savers have actually had a negative real rate of return."16
According to the Federation of Economic Organizations the average land prices in Japan compared to the U.S. are 35 times as high.
Americans are concerned that they run a trade deficit with Japan. But all of us run a trade deficit with our supermarket, it would be a nightmare if each of us had to make sure we sold as much to the supermarket as it did to us. Even if we had a trade surplus it wouldn't mean we were
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