The “1.03 million yen wall” has become a hot topic. The Democratic Party for the People, which started the movement, is calling for a 73% increase from 1.03 million yen to 1.78 million yen. They say the aim is to provide income tax cuts for low-income earners, but in reality the higher the income earner, the greater the tax cut. For the people, a tax cut essentially means an increase in income, so they’re happy about it. That’s why no one will object. It’s a kind of populism, but the result will be a widening of the gap. Well, it’s not a gap that widens due to a decrease in income, but rather a gap that widens due to an increase in income, so it has a bottom-up meaning and is probably not a bad thing… (Kei)

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