Why Kyoto is Dying #Shorts

If you’re willing to visit Japan someday, I’m sure Kyoto is one of the places you’d absolutely want to go to. But did you know that Kyoto, the center of history and culture, is currently on the verge of economic collapse? Kyoto City has been in deficit for more than 30 years now and is already more than 800 billion yen in debt in real example, in fiscal year 2021, the deficit was billion is this happening? First of all, tall buildings that are subject to high property taxes cannot be built (in order to protect the landscape). Next, Kyoto has the largest number of students, who are exempted from resident tax. And the biggest problem is the debt of the Kyoto Subway, which was created during the bubble economy. To cover this subway deficit, Kyoto has borrowed 100 billion yen in the past. If Kyoto were to go into economic collapse, in the worst case scenario, it will be abandoned by the residents and all the cultural and historical treasures will be gone.