Yoshihide Suga Quotes
The sales tax is a necessary source of revenue to pay for Japan's social welfare.
There are two reasons that government cannot depend on the rich for tax yield. First, there are very few rich compared to middle class workers. Although the rich person may pay more on the average in taxes, than others, there are not enough to cover all the expenses of a modern government. Second, because the rich make larger policitcal contributions and have lobbyists, they get legislation that exempts them from many taxes or provides loopholes. So even though the wealthy are theoretically supposed to pay a higher rate of taxes, as a practical matter, most wealthy people pay a lower tax rate than their secretaries or the waiter who will serve them lunch—the Buffet Principle.
The phrase is carved above the entrance to the IRS Headquarters in Washington DC
Yoshihide Suga is a Japanese politician who has been Prime Minister of Japan since September 2020. He was Chief Cabinet Secretary under Prime Minister Shinzo Abe from 2012 to 2020 and Minister for Internal Affairs and Communications from 2006 to 2007.