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The story
Entertainer GACKT is facing backlash after a clip resurfaced showing him mischaracterizing Japan’s tax-free NISA investment program as an “investment product” itself. The clip spread on X on the night of September 26 and had racked up more than 7.2 million views by the morning of the 28th. In the video, GACKT says things like “I don’t even want to invest in NISA” and “explain to me how NISA generates profit,” while dismissing people who use it as having “stopped thinking.” Investor and influencer Shintaro Tabata poured fuel on the fire by reacting with “total idiot lol.” On 5ch, while many mocked GACKT by bringing up his own past cryptocurrency venture, some commenters also argued his warning “isn’t entirely off-base as a caution to novice investors,” keeping the discussion from being a simple gaffe story.
September 28, 2026
A clip of “GACKT” (870,000 subscribers) talking about NISA is spreading on X. His comments, which treat NISA as an investment product rather than a tax program, drew a string of callouts — including from investor and influencer “Shintaro Tabata” (400,000 subscribers), who reacted with “GACKT-sama! Total idiot lol.”
The clip was posted on X on the night of September 26 and had surpassed 7.2 million views by the morning of the 28th. In the video, GACKT says “I don’t even want to invest in NISA” and “explain to me how NISA generates profit,” criticizing people who use NISA as having “stopped thinking.”
Source: yutura.net / Original article here
What people said
You can win streak after streak, right?
A lot of band musicians got burned by that one too
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Well, I guess recommending it to old folks could be seen as dumb, though
Has this guy done anything comparable? Why's he even being put in the same class as Yoshiki?
That's what's been bugging me for a while (Yoshiki, the X Japan musician)
No clue why you think they're on the same level
If he's serious, that's way too stupid — I can't believe an actual adult would think that
Well, blindly jumping on whatever the government recommends is definitely idiotic behavior too (´・ω・｀)
You guys have totally forgotten about the COVID vaccine already
Don't lump injecting a foreign substance into your body in with a tax-break policy
The government: "We made the NISA program, so go earn your own retirement money
Oh, and please do it via regular installment investing if you can"
now that's a power phrase
Normally, tax gets taken out of the profit you make buying and selling
If you make 100,000 yen in trading profit, about 20,000 yen gets taken as tax — but if you use the NISA program, that tax doesn't apply and the full 100,000 yen is yours to keep
It's also a cursed system in the other direction — even if you take a 100,000 yen loss, you can't offset it against other gains, so you can end up paying more tax overall
Of course he'd come off as a total idiot lol
And as for how the profit actually gets generated, it's simple: the 20% that would normally get taxed away isn't taxed at all within your NISA allowance, no matter how much you make — so that part is extremely straightforward and extremely profitable
That comment was from last year
Huh?
That's true for a regular taxable brokerage account, but
it's basically just saying 'try not to take a loss in the first place'
that's exactly why mutual funds are the main option here
Don't fall for the myth that mutual funds never lose money
It's not like the company managing them can never go bankrupt
This is the same government that keeps stubbornly refusing to cut the consumption tax, insisting it still needs to collect even more tax — and that's the government pushing this on us,
so I just can't shake the feeling that something about it is fishy
You get to pick what you buy yourself, so it's entirely up to you
Think of it like a tax-free checkout lane
get stopped out and hit with a margin call, and it'll wreck their life
Investing isn't something amateurs should wade into lightly
In that sense, what GACKT is saying isn't entirely wrong
A margin call… on NISA?
Make it clear whether you're trolling or being dead serious
Background and Key Points of This Story
NISA isn’t an “investment product” — it’s a tax program that waives the roughly 20% tax normally charged on gains and dividends from stocks and mutual funds. The uproar started when experts and influencers called out GACKT for conflating this “program” with a “product,” and the clip took off after racking up over 70 million views. GACKT is also known for a past controversy involving the cryptocurrency “Spindle” (aka “GACKT Coin”) that he was personally involved with, and much of the mockery in the thread draws on that history. That said, the reactions weren’t all mockery — some commenters voiced sympathy for GACKT’s underlying point that “novice investors shouldn’t be pushed into this too casually,” while others noted that NISA itself has real structural downsides, like not letting you offset losses against other gains, resulting in a genuinely split debate. One nuance that a headline alone doesn’t capture: the real problem was GACKT speaking without correctly understanding how NISA works — not that his underlying caution about investment risk was itself off base.
※This article is excerpted and summarized from the 5ch (Entertainment/Sports News+) thread “‘Is everyone doing NISA an idiot?’ — GACKT denies NISA while mistaking it for an investment product, old clip resurfaces on X sparking a wave of callouts.”
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