Kim Du-kwan "Basic Income Discussions Will Erupt Like a Flood"
Kim Doo-kwan, member of the Democratic Party of Korea./Photo by Yoon Dong-ju doso7@
View original image[Asia Economy Reporter Park Cheol-eung] Kim Du-kwan, a member of the Democratic Party of Korea, said that discussions on basic income will "burst forth like a flood." He also emphasized the need for additional disaster relief payments.
On the 4th, Kim appeared on KBS Radio's 'Kim Kyung-rae's Strongest Current Affairs' and stated, "Since Kim Jong-in, the emergency committee chairman of the United Future Party, has made a proposal, I believe discussions are inevitable."
Regarding the Blue House's stance that discussions on basic income are premature, he said, "Because it is an issue that shakes the fundamental welfare support system, it is not a simple matter," adding, "There are arguments like 'those who are idle and do not work should not eat,' so controversies start with whether basic income can be given to those who are idle, and there are various debates about where to secure the funding, but discussions are inevitable."
Gyeonggi Province Governor Lee Jae-myung proposed a second round of emergency disaster relief payments, and Kim expressed agreement through Facebook. Kim said, "Experts predict that COVID-19 will be prolonged considerably, and its impact on the overall economy is very significant, so a decrease in household income is inevitable," adding, "Since economic recovery is delayed in major trade partners like the United States and Europe, I think we need to proceed with the second and third rounds now. From the perspective of the overall economic flow, that is the thought."
Hot Picks Today
Taking Annual Leave and Adding "Strike" to Profiles, "It Feels Like Samsung Has Collapsed"... Unsettled Internal Atmosphere
- There Is a Distinct Age When Physical Abilities Decline Rapidly... From What Age Do Strength and Endurance Drop?
- "One Comment Could Lead to a Report": 86% of Elementary Teachers Feel Anxious; Half Consider Resignation or Career Change
- "After Vowing to Become No. 1 Globally, Sudden Policy Brake Puts Companies’ Massive Investments at Risk"
- On Teacher's Day, a Student's Gifted Cake Had to Be Cut into 32 Pieces... Why?
He continued, "The Ministry of Economy and Finance has said that the national gross production should not exceed 40% as a sort of psychological limit, but that is a psychological limit set by the ministry. In fact, in this crisis situation, the government has maintained fiscal soundness to recover the economy through fiscal spending, so now is the time to actively expand fiscal policy." He noted that compared to advanced countries like Japan and the United States, Korea's fiscal condition is very sound.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
