Free money
In Japan the government (LDP) decided to give 100,000 yen to all children 18 or under. Why?
Do you think this is a good idea?
Critics say when they gave 100,000 yen to people at the start of the pandemic, most people spent 10,000 yen and saved the rest. It wasn’t successful at stimulating the economy.
Will the subsidy for kids be different?
The government decided to give half the money in gift vouchers
They set an income limit of 9.6 million yen
Was this a good idea?
What are the extra costs of these coupons?
How do you feel about the 9.6 million yen limit? Should it be different if you have more than 1 child?
Match the % of people to how they feel:
satisfied
don’t want any subsidies
think 9.6 million yen is too high
want everyone to get the money
19.3%
19.8%
24%
34.7%
Update: December 2021
Kishida announced he will pay all the money in cash because he’s a good listener and listened to parent’s complaints.
The LDP also wants give 20,000 yen to people who have “My Number” cards. Why?
What percentage of eligible people have a My Number card in Japan?
At the moment, only 40% of people have it. Why is it so unpopular?
The US and Japan have used cash subsidies as pandemic stimulus but China has not given any money directly to people. They only provided subsidies directly to businesses.
Why do you think they have done this?
Is it a good idea?
In China 30% of GDP is created by State Owned Enterprises. (SOE’s) … In Vietnam it’s 40%
China ordered the SOE’s to regularly continue to hire people (especially recent graduates and seniors) to protect employment.
sources:
https://japantoday.com/category/national/update1-japan-mulls-100-000-yen-cash-handout-for-children-aged-18-or-younger
https://thediplomat.com/2021/02/why-isnt-chinas-covid-19-stimulus-going-directly-to-workers/
https://english.kyodonews.net/news/2021/11/0a8b6e1fdc27-japan-ruling-bloc-agrees-on-income-cap-for-100000-yen-handouts.html
https://mainichi.jp/english/articles/20211111/p2g/00m/0na/060000c