Resolutely Rejecting the Idea of Distributing Cash Subsidies, Su Continues to Be Mired in Bailout Programs

Resolutely Rejecting the Idea of Distributing Cash Subsidies, Su Continues to Be Mired in Bailout Programs

China Times Editorial (Taipei, Taiwan)

May 11, 2020

 Translation of an Excerpt

As the new coronavirus pandemic gradually slows down around the world, various countries are starting to open up and lift bans, shifting the focus of pandemic control from containing the virus to resuscitating and revitalizing the economy.

The entire bailout program of the Cabinet was introduced in a mode of "rolling jigsaw puzzle"; many experts and members of the public all expressed their concerns. However, the government team insists on "using money only where it should be used", not willing to distribute cash to the whole populace so as to avoid the richer people using it for savings, thus causing "waste". On first hearing the idea, it seems to be reasonable, but distributing cash to the whole populace could also have “wealth exclusion bars”. The Cabinet, nevertheless, still refuses to do so because the opposition party first introduced the idea, thus it was deliberately pulled down and rejected, or are there some other unspeakable secrets?

Now, we will soon enter a stage recognized by the government as "industrial revitalization". The so-called "discount coupons" or "redemption coupons" will probably soon be issued. For whom will this kind of coupon have attraction with no big discount? Now abandon the idea of issuing this kind of coupon, and up the ante of cash subsidies with a wealth exclusion clause, or general consumption coupons for the entire populace that could not be used as savings to reduce popular grievances.

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