Quote:
Originally Posted by RealJames
I think you make a very good point,
Japan could easily pay for the repairs and recovery of the damages it incurred by forcing other countries to repay national debt or selling off-shore subsidiary companies or many other ways which would avoid an economic crisis in Japan.
But, as you said, if Japan did that, it would shift the economic crisis to those countries.
The alternative is donations as you implied, but it's no solution. Regardless of who pays for it, natural disasters take their toll on humanity.
Regarding the Haiti vs Japan issues. The total sum required to bring either of the places back to their former glory is like comparing a hotwheels toy car to an F1 prototype model.
And then there's the factor that the dollar given to Haiti may find it's way into a greedy pocket a lot more easily than in Japan.
Those are my two cents.
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James I do not think he was saying to
force other countries to pay off their national debt or debt to Japan but have Japan issue bonds, raise taxes, and sell off some of its major companys' subsidiaries in other countries, that is how tokyo electric power has come up with some of their compensation money, and that should be the first step taken, however selling off those subsidiaries, could have some bad economic effects for other countries...i think..that is what he was trying to say anyhow, i could be way off
In any case I would say a combination of the two (donations) and the said above should be used, that way the full force of any stresses different parties might recieve by focusing on either option could be spread out.