Working Woes ......

views, a little on life, some motivation and a reflections of sorts........

2009/1/20

Shopping Vouchers To Lift Faltering Economy.

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@ 01:30 PM (10 months, 8 days ago)

Taiwan started handing out shopping vouchers to each of the island's resident yesterday, as part of a US 2.5 billion scheme aimed at  boosting the island's flagging economy. Every one of the island's 22.7 million citizen is entitled to the coupons worth NT3,600 per person, regardless of age and they can spend on goods ranging from food and clothing to electrical appliances.

The scheme would give people extra spending power ahead of the Lunar New Year on January 26, and encouraged them to go out and shop. The money will provide a much needed boost to the retailers and it could be very helpful to the economy as well. Supporters of the plan have said that it should give the island's sagging economy a much needed shot in the arm. "If you are in the position to shop, please spend as much as you can. It can be very helpful to the economy" they said. 

While critics on the other hand, have labelled it as a waste of money. "The money should be given to people who need it, people wo have lost their jobs. It shouldn't be done like this, with everyone getting something" they said.

Meanwhile, many other countries are said to be monitorng the success of the scheme. Such a scheme is seen as a very transparent two-prong initiative, that will help lift the people's burden and at the same time help maintaining the economic momentum there. Besides, the genuine desire to provide aid directly to the people is very much lauded and reflects well on the caring attitude of those in power.  

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