Taiwan citizens get vouchers to go shopping
This measure by the Taiwanese Government takes in the cake in terms of economic measured taken by the government all across the globe. Instead of putting the monies in the hands of banks, businesses, financial firms, the money has been placed in the hands of general public.
This would seem the most democratic manner of jumpstarting the economy as the tax payer gets the benefit of the economic doles rather than the corporates that are part of the problem. This measure is akin to redistributing the wealth (a part) equally amongst the citizens and also excepts to give a push to the retail industry that is also employment heavy. The measure might also help in keeping some jobs in the retail industry.
More than 90 percent of eligible Taiwan residents took up the government's offer of 3600 New Taiwan Dollars (USD $108) to go shopping, government officials said Monday.
People line up to receive $108 U.S. dollars worth of shopping vouchers in Taipei, Taiwan, on Sunday.
Any of the island's 23 million men, women or children qualify for the money, a combination of a lunar New Year gift and economic stimulus package designed to pump about 86 billion ($2.6 billion U.S.) into the economy.
By Sunday night, 91.3 percent of eligible citizens had picked up their vouchers, and malls were flooded with shoppers, Interior Minister Liao Liou-yi said.