2017/9/8. Limit of Democracy by aging society
Tax eaters &/vs Bonds buyers, not vs Tax payers
Increasing tax eaters is the common problem for governments. This is because of limit of democracy by aging society. Who solve this problem is that bonds buyers, not tax payers.
Of course, tax payers have votes, but tax eaters have, too. So tax payers are included in this problem.
Only bonds buyers can decreasing tax eaters.
If main bonds buyer is the central bank, who solve this problem? Japanese economy is coming to the edge...