{"id":34834,"date":"2016-09-29T10:44:45","date_gmt":"2016-09-29T09:44:45","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=34834"},"modified":"2016-09-29T10:44:46","modified_gmt":"2016-09-29T09:44:46","slug":"a-summary-of-the-21st-century-economic-problem-in-one-tweet","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2016\/09\/29\/a-summary-of-the-21st-century-economic-problem-in-one-tweet\/","title":{"rendered":"A summary of the 21st century economic problem in one tweet"},"content":{"rendered":"<p>I felt this one tweet very precisely summarised the 21st century economic problem, which has impact far beyond Japan:<\/p>\n<p><a href=\"http:\/\/www.taxresearch.org.uk\/Blog\/2016\/09\/29\/a-summary-of-the-21st-century-economic-problem-in-one-tweet\/screen-shot-2016-09-29-at-10-40-54\/\" rel=\"attachment wp-att-34835\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-34835\" src=\"http:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2016\/09\/Screen-Shot-2016-09-29-at-10.40.54-550x70.png\" alt=\"screen-shot-2016-09-29-at-10-40-54\" width=\"550\" height=\"70\" srcset=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2016\/09\/Screen-Shot-2016-09-29-at-10.40.54-550x70.png 550w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2016\/09\/Screen-Shot-2016-09-29-at-10.40.54-768x98.png 768w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2016\/09\/Screen-Shot-2016-09-29-at-10.40.54-300x38.png 300w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2016\/09\/Screen-Shot-2016-09-29-at-10.40.54-800x102.png 800w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2016\/09\/Screen-Shot-2016-09-29-at-10.40.54-200x26.png 200w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2016\/09\/Screen-Shot-2016-09-29-at-10.40.54.png 1032w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><\/p>\n<p>So the answer is, increase wages and reduce cash piles.<\/p>\n<p>Which means higher corporation taxes on large businesses should be on the international agenda, but they're not.<\/p>\n<p>Why not?<\/p>\n<p>The <a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2016-09-28\/imf-sees-japan-inc-s-cash-hoard-as-excessive-and-wages-too-low?utm_content=business&amp;utm_campaign=socialflow-organic&amp;utm_source=twitter&amp;utm_medium=social&amp;cmpid%3D=socialflow-twitter-business\" target=\"_blank\">linked article is here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I felt this one tweet very precisely summarised the 21st century economic problem, which has impact far beyond Japan: So the answer is, increase wages<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2016\/09\/29\/a-summary-of-the-21st-century-economic-problem-in-one-tweet\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64,35],"tags":[],"class_list":["post-34834","post","type-post","status-publish","format-standard","hentry","category-corporation-tax","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/34834","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=34834"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/34834\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=34834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=34834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=34834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}