What are some other ways the government can encourage people to spend money? Which is better than co
학생이 쓴 원문
Recently South Korea government introduced a universal cash handout scheme worth 10.3 trillion won, disbursed via vouchers. All citizens will initially receive a minimum of 150,000 won. Many countries have tried giving out cash to stimulate the spending. Most of the time, this is the short-term measure because this policy brings grave financial burden. Accordingly, I believe it would be better for governments to cut taxes. When taxes are cut, people have more income at their disposal. This trend will boost demand, production and economic growth. While South Korea government attempt to boost spending through free money, they are now trying to increase the tax. South Korean government recently announced to increase the corporate tax and capital gain tax to increase taxable income. Giving out stimulus cash can benefit people, but this measure is short term and can have a small impact on economy. Therefore, the government had to amend their fiscal policy to stimulate the economy.
강사 첨삭
Thank you for this Aciel!
Recently South Korea government introduced a universal cash handout scheme worth 10.3 trillion won, disbursed via vouchers.
>>> Recently, the South Korea government introduced a universal cash handout scheme worth 10.3 trillion won, disbursed via vouchers.
All citizens will initially receive a minimum of 150,000 won.
>>> correct
Many countries have tried giving out cash to stimulate the spending.
>>> correct
>>> OR: Many countries have tried giving out cash to stimulate spending.
Most of the time, this is the short-term measure because this policy brings grave financial burden.
>>> Most of the time, this is a short-term measure because this policy brings grave financial burden.
>>> OR: Most of the time, this is a short-term measure because such policies place a heavy financial burden on the government.
Accordingly, I believe it would be better for governments to cut taxes.
>>> correct
When taxes are cut, people have more income at their disposal.
>>> correct
This trend will boost demand, production and economic growth.
>>> correct
>>> OR: This trend can boost demand, production, and overall economic growth.
While South Korea government attempt to boost spending through free money, they are now trying to increase the tax.
>>> While the South Korean government attempts to boost spending through free money, they are now trying to increase the tax.
>>> OR: While the South Korean government is attempting to boost spending through cash handouts, it is also planning to increase taxes.
South Korean government recently announced to increase the corporate tax and capital gain tax to increase taxable income.
>>> OR: The government recently announced plans to raise corporate tax and capital gains tax in order to expand taxable income.
Giving out stimulus cash can benefit people, but this measure is short term and can have a small impact on economy.
>>> Although giving out stimulus cash can benefit people, this measure is short-term and may have only a small impact on the economy.
Therefore, the government had to amend their fiscal policy to stimulate the economy.
>>> correct
>>> OR: Therefore, the government needs to revise its fiscal policy to promote sustainable economic growth.
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