A lot of discussion has arisen lately over the potential expiration of the tax cuts pushed out during George W Bush’s presidency. These cuts gave extensive tax incentives for the upper class, allowing them to save millions of dollars. As the tax cuts are set to expire at the end of 2010, Congress is in heavy debate over whether to let them expire or to extend the cuts. Unfortunately, extending these cuts can be very dangerous.
The notion of the Bush tax cuts was the idea of trickle down economics. By giving the wealthy bigger chunks of their income, the government believed they would give them more capital to launch businesses. These investments would then spur the creation of new jobs, helping the economy grow. In a country that prides the small businesses, this is a big benefit as more wealthy means more business creation.
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Japan, one of the few developed nations in Asia and the world’s second largest economy is considered a liberal democracy with a constitutional monarchy type of government and citizens maintain all their civil rights.
It is run under a one-party rule, the Liberal Democratic Party (LDP). No real challenge to the LDP was able to sustain itself despite the decrease in its popularity since the economic inactivity in l990s and corruption scandals.
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For years now the choice between the different political parties has been eroded until the decision about which one to vote for comes down to what kind of tie a man likes to wear or the cut of their suit. There does not appear to have been any significant difference between the different parties for some time and the result of the last election seemed to confirm that we were just getting a different set of ties who would continue to behave in exactly the same way as the last government behaved, because that was the only way that there was to govern.
And then we had the coalition, which almost immediately began to show us a completely different way to govern. We have long talked about the destructive effect of target setting in any business or administration and one of the first things we heard was that the police forces have been told to ignore their old performance targets and instead, get on with policing the nation.
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