Yoo Seung-min: "Lee Jae-myung's Sweet Basic Income Is All Debt for Future Generations"

[Image source=Yonhap News]

[Asia Economy Reporter Naju-seok] Yoo Seung-min, a presidential candidate from the People Power Party and former lawmaker, criticized on the 23rd that "the sweet basic income proposed by Lee Jae-myung, Governor of Gyeonggi Province, is entirely debt for future generations."

On the same day, Yoo appeared on BBS Buddhist Broadcasting's 'Park Kyung-soo's Morning Journal' to criticize Governor Lee's basic income pledge. He said, "(Lee's basic income) is a very bad populism," adding, "Regardless of wealth or income disparities, it proposes giving money to all citizens and all young people. Isn't this basic income pledge a populism close to Heo Kyung-young, the leader of the National Revolutionary Party?"

Yoo explained, "Governor Lee's basic income and I stand almost at opposite ends. Fundamentally, I believe the state should help those who truly need the nation's assistance, which is what I call fair income." He continued, "Fair income refers to a certain income level necessary for a minimum dignified human life, and the state provides support to those whose income falls below that level."

He added, "This is not a new concept. As we have built a welfare state, collecting taxes, health insurance premiums, and pensions, the system has been structured to support those in need more through a progressive approach. All welfare policies follow this structure," and introduced his idea by saying, "Currently, basic livelihood security and various cash welfare programs should be consolidated into what I call fair income, and other social welfare programs should be strengthened more thoroughly. This is the fair income I am advocating."

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