Lee Jae-myeong “When I open my eyes wide, I need to get out of the sorting welfare holic”

Gyeonggi Governor Lee Jae-myeong expressed the view that “Korea, which has the highest household debt ratio and the lowest national debt ratio, should increase welfare, which is only half of the OECD, thanks to the lowest household income support in the world.”

On the 23rd, Governor Lee posted on his Facebook page, “Will it be desirable to provide selective support until we increase welfare expenditure while making money with taxes? “Is it possible?” “For screening, the middle class and the rich pay only taxes, and only the poor receive tax guidance for the support. Can a politician increase the subsidies for the poor to increase the benefits of the rich and middle class?”

At the same time, Governor Lee added, “The reason why the claim of tax increases is taboo in politics is the reason why Park Geun-hye-ryu lies about expanding welfare without taxation.”

Governor Lee said, “If the basic income target tax is removed and distributed evenly due to income inequality of 9 to 1 and even 99 to 1, the overwhelming majority of 80 to 90 percent will receive more income than the tax paid. It is easy,” he said. “If basic income is paid by imposing a basic income tax according to a majority resolution, a few rich people will have more tax than their income, but it fits the definition as income polarization can be mitigated.”

He said, “Especially if the basic income is paid in local currency and consumed in full, it enables sustainable growth by expanding demand in the era of low growth due to lack of aggregate demand, and the benefits of growth are more enjoyed by high taxpayers (high income earners). It also increases,” he explained.

In addition, Governor Lee asked, “Why do some conservative media and economic media, which are rich and vested interests, continue to insist on selective welfare that’looks good for the common people’?” It is because it is possible to increase welfare and avoid the symptoms,” he argued.

Governor Lee said, “Selective welfare is bad, and universal welfare and basic income are not necessarily right. It is not even worse that basic income is a panacea,” he said. “We need both selective welfare and universal welfare, but let’s not fall into selection holic or exclude basic income, and compete between simple welfare policy and welfare economic policy.” .

Lastly, Governor Lee emphasized, “We must find a way to ease polarization and enable sustainable growth in preparation for the future in which jobs, income, consumption and aggregate demand are reduced due to the Fourth Industrial Revolution, and a structural and sustained recession is expected.”

Reporter Lee Ji-young [email protected]