There is also an idea to introduce a basic income limited to a certain area to local governments. The candidate location is Tomioka Town, Fukushima Prefecture, where the nuclear accident occurred. In a town with a population of about 10,000, if you create 10 billion yen of basic income capital, each person can earn 1 million yen per year. Tomioka Town has an area of 68 square kilometers. We will build a solar power plant here. If we install solar power generation on 1 hectare of land, it is possible to produce about 1 million kilowatt-hours (kWh) of electricity per year, and the sales of that electricity will be 10 million yen per year. If we create a solar power generation system on 1,000 hectares (10 square kilometers), we will be able to secure a basic income of 10 billion yen.
So how do we raise funds for 1,000 hectares of solar power generation? The cost of installing solar panels on 1 hectare of land is 200 million yen. The cost of installing solar power generation on 1,000 hectares of land will be 200 billion yen. Finding the source of this 200 billion yen will be one of the challenges. There is a large amount of soil in this area that was contaminated with radiation due to the nuclear accident. An interim storage facility is being built to store this large amount of soil. A huge amount of national tax money, over 1 trillion yen, is being invested in the budget for the interim storage facility. There is a promise that the contaminated soil in the interim storage facility will be transferred to a final disposal site outside Fukushima Prefecture within 30 years. In 30 years, a huge amount of tax money, said to be 1 trillion or 2 trillion yen, the same amount as the cost of building the interim storage facility, will be used. If the interim storage facility is made into a final storage facility, the cost of a 1,000-hectare solar power plant can be obtained immediately.
Some people say that a basic income of only 1 million yen per year is not enough for the future. There are only three main things you can do to increase your money for peace of mind. These are to increase your monthly income, reduce your monthly expenses, and increase the money you have by investing. Almost no one will incur a loss by holding a mutual fund for 20 years. The money in mutual funds is invested in businesses around the world, enriching local communities and generating wealth. It has been calculated that if you invest 10,000 yen per month at an annual interest rate of 5% for 50 years, you will earn more than 20 million yen in investment gains, totaling 26.6 million yen. This amount would also solve the 20 million yen problem in retirement. The 20 million yen problem is the result of calculations that show that there will be a shortfall of approximately 20 million yen over the 30 years of retirement.
Note: 100 million yen is 650,000 dollars.
