Ruling Party Presidential Candidate Promises to Pursue Universal Basic Income Plan in South Korea
The ruling party’s candidate for President Lee Jae-myung is doing what left wing politicians always do, promise spend a lot of money:
Gyeonggi Gov. Lee Jae-myung, named presidential candidate of the ruling Democratic Party Sunday, vowed to adopt universal basic income if elected, claiming that he would turn South Korea into the world’s first nation offering the subsidy package, even to the wealthy.
In his acceptance speech on Sunday, Lee highlighted his “basic agenda package,” which is expected to be the backbone of his economy policy if elected president. The package consists of a universal basic income plan, a basic housing program and a basic loan scheme, but has immediately sparked divided responses from onlookers for its impact on the economy and lack of resources.
The universal basic income scheme, under Lee, would provide all Korean citizens annual cash subsidies of at least 250,000 won ($209.16) from 2023. Koreans aged between 19 to 29 would start receiving an annual 1.25 million won each from 2023.
Lee plans to ultimately raise the bottom line to 1 million won within his years in office.
Korea Herald
You can read more at the link, but I wouldn’t mind these heavy spending proposals so much if these politicians would be honest and also explain what taxes would be raised to pay for it.
He’s going to win the next presidential election, boys.
Lenin promised the farmers free land if they joined his revolution. In 1917, he started demonizing the wealthy ones. In 1929, Stalin kicked it up another notch:
https://en.wikipedia.org/wiki/Dekulakization
Wikipedia also notes “Hunger, disease, and mass executions during dekulakization led to at least 530,000 to 600,000 deaths from 1929 to 1933, though higher estimates also exist, British historian Robert Conquest estimating in 1986 that 5 million people may have died.”
Of course, such a thing could never happen in South Korea. Of course not. It’s unthinkable.
Conversation with an Officer in front of a Military Base in South Korea
“Nice apartment.”
“Yeah it is only 450 a month.”
“That’s it? Something like this usually goes closer to 600.”
“Yeah, it’s a good deal. The military pays the other 3 million so that’s all I have to come up with out of my pocket.”
And that, boys and girls, it what happens when you inject “free money” into a system… be it university prices, the stock market, or the price of necessities as the big corporations vacuum up this free money with zero added value to the consumer…
…who says, “I can’t believe prices these days. Good thing I get that government money so it doesn’t cost me that much more.”
People think all this basic allowance stuff is the dreams of communists… but it is really the dreams of corporatists looting the governments. The communists are just tools.
Communism as implemented is just polished corporatism. With a few jack-booted thugs to encourage compliance.
All the Parasite people can get a free living too.