On Nov 8, 12:13 am, "Marvel" <mana...@nospam.com> wrote:
> "Declan Murphy" <declan_mur...@hotmail.com> wrote in message
>
> news:a9309385-325b-4932-bc3f-fc90a4de4bde@o40g2000prn.googlegroups.com...
>
>
>
> > On Nov 6, 9:47 am, Scott Reynolds <scottr...@gmail.com> wrote:
> >> John W. wrote:
> >> > How many places in Japan are named Obama? I saw one on Yahoo! the
> >> > other day; I assume there are probably others.
>
> >> The one that is in the news a lot these days is the city of Obama in
> >> Fukui Prefecture. In addition to the name part matching, "city of Obama"
> >> (小浜市) is also a homonym with "Mr. Obama" (オバマ氏). The entire city
> >> seems to have gone totally nuts over this thing if the TV coverage is
> >> any guide.
>
> >> There is also an Obama onsen in Nagasaki, and as Declan mentions there
> >> must be lots more out there.
>
> > The whole thing is a bit silly. I would understand the excitement/
> > curiousity etc if the President had some Japanese ancestry, Or if
> > someone like Eric Shinseki was appointed to a high profile position.
>
> I am just waiting for the capitol gains tax to shoot up to 27% to pay for
> change

If you think raising capital gains tax to *27%* will pay for "change",
whatever that actually means, then you are dreaming. Have a google at
the the budget surpluses in Australia in most of the last 15 years and
then have a read through
http://en.wikipedia.org/wiki/Capital_gains_tax_in_Australia

<economist mode>
Sepponia will need to introduce some new taxes* or tax increases*
sooner or later to address the structural component of the federal
fiscal deficit and net public sector deficit, but there isn't much
point at the moment worrying about the cyclical component of either
deficits, and when the economy is heading into a deepening recession,
the existence of the structural deficits simply isn't a problem,
except for the fact that the current deficits aren't large enough, nor
are transfer payments sufficiently targetted towards those with a
higher marginal propensity to consume.

*Or alternatively, wait until the economy emerges from the recession
and make deep cuts in public sector expenditure, but while pigs might
wear lipstick they certainly don't fly. It will be net increases in
taxation receipts, not expenditure cuts, that might wean sepponia off
the foreign debt teat.
</economist mode>