Chapter 48 There is no learning atmosphere in Japan

For example, as mentioned earlier, the Japanese die with a lot of property, which does not happen to the Italians.As for Americans, their personal wealth is the most when they are 48 years old. After that, their personal wealth will gradually decrease. This is in sharp contrast to the Japanese who continue to increase their personal wealth until they die. On the other hand, in the Anglo-Saxon world, there is no inheritance tax, so you can also pass on your property to your descendants, which means that the assets have continuity.Therefore, parents will try their best to instill the knowledge of asset management in their children, and this habit of inheritance has also been inherited.

Countries such as Italy, New Zealand, and Australia also have no inheritance tax, and Canada, Switzerland, and Sweden have no inheritance tax, and even the Republic of Palau and Malaysia near the Japanese archipelago have no inheritance tax.The United States proposed to suspend inheritance tax for one year in 2010.The United Kingdom, France, and Germany are also discussing the abolition of the inheritance tax system.The British Prime Minister promised to the public during his election campaign to abolish inheritance tax (Figure 3-2).These Anglo-Saxon countries want to replace the inheritance tax with a property tax. It is reasonable to abolish the inheritance tax while using the property tax to continue to ensure the national taxation.

At this point, the Japanese tax system is punitive, so it has become a reason for the Japanese to become "economically illiterate."So I sometimes feel that the habit of Japanese people not studying is really annoying, but think about it, even if they can learn, love learning, and manage their property well with the knowledge they have learned, in the end their wealth will be taken away by the country. It's too bad to take it away. It is questionable whether Japan has a large environment in which to properly learn asset management.

Japanese economic magazines tell people how to get rich, or they are full of financial planner (FP) nonsense.It's not that I don't disapprove of the existence of financial planning consultants.I just want to say that I very much doubt that these financial planners are really working for personal investment. Few of the financial planners I have met are very wealthy.Are the words of these financial planning consultants entrusted by financial institutions really worth listening to?To put it simply, how many financial planning consultants can really answer the question of "show me the use of my assets last year" with reasonable evidence?

Although I also have a few friends who hold a financial planning consultant qualification certificate, when it comes to what the financial planning consultant qualification can do, I think there is nothing left but bluffing.So I really want to ask them: "What are you doing with this qualification certificate?" Financial planning consultants who don’t know how to study can say without blushing: “I judge the interest rate to be 0.3%.” Because the bank’s interest rate is generally kept at 0.1%~0.5%, such a suggestion can be said to be meaningless . In any case, just because a person is qualified as a financial planning consultant does not mean that he can conduct investment and asset management.This world is originally a world where there is not much difference between professionals and laymen.If so, what is the point of having financial professionals?This kind of meaning actually exists in the process of showing actual achievements, continuous learning and personal practice.

There is a great difference between those who have studied and practiced in this way since childhood and those who have not been exposed until they enter the society, and this difference is inevitable.If this situation continues to develop, what will be the result?The answer is obvious, and the specific manifestation is that after 1990, Japan's finance was out of tune with the world.Therefore, it is necessary to come up with countermeasures as soon as possible. So, is there any way to improve the state of Japanese "economic illiteracy"?