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にほんブログ村
Hello, I’m President Yasui, running a company that primarily inspects high-pressure gas equipment as a solo entrepreneur.
It seems that Japan’s retirement allowance tax system is under review in the National Diet.
The taxation on retirement benefits is being labeled as a “salaryman tax hike.” Prime Minister Ishiba stated:
"A hasty revision will not be made, but a cautious and appropriate review should be conducted."
The argument is that the current tax system, which benefits those who work longer, might be hindering job mobility.
However, people who change jobs don’t usually base their decisions on such tax policies, and those who stay in a job for a long time likely do so knowing their retirement benefits will increase. Increasing job mobility isn’t necessarily the right answer.
What’s the real benefit of encouraging more job changes? Companies like Recruit, which profit from job placement, might gain something, but the government could also be trying to make people believe that changing jobs leads to higher salaries, making them feel it’s a positive outcome.
However, in reality, this could lead to people earning more now but receiving less in retirement benefits later.
With rising living costs, saving money has become increasingly difficult. Many people, even if they don’t consciously think about it, rely on their retirement benefits. Is there really a need to change this system?
Since this reform would mainly impact the working population and not the large elderly voting bloc, the political risk is low. But why implement policies that make life even harder for the already struggling middle-aged workforce, especially those in their 40s and 50s who have limited mobility in their careers?
Not everyone wants to keep changing jobs for career growth. Some people prioritize job stability over salary increases. Has the government considered the perspectives of different working individuals and future workers?
It seems that politicians, living in their own world, often implement policies that, while well-intentioned, do not align with reality.
With pension and social security, it was evident early in the Heisei era that expenditures would drastically increase. Couldn’t action have been taken while today’s elderly were still in their 50s?
Just as we shouldn’t completely entrust our work to others, we also shouldn’t blindly trust the government with our personal future.
Relying on the government with the mindset of “they’ll take care of it somehow” is dangerous.
We were warned before: "Save 20 million yen for retirement." This was essentially a message that failing to plan for the future would lead to a harsh reality.
Many people are just trying to survive the present, which is understandable. But focusing only on the immediate situation without a long-term outlook is risky.
In that sense, relying too much on retirement benefits, which seem guaranteed but aren’t, is a frightening prospect.
Maybe this tax revision is a wake-up call to think more critically about our future.
That’s why it might be a good idea to discuss future financial plans with your spouse or loved ones.
Today’s Quote:
"Leaving your future in the hands of the government is dangerous."
See you next time!
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