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People’s Party

 

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People’s Party’s policies on economic issues

These issues below are sorted in descending order based on how important the average Korean [people] voter ranked them on the quiz.

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the Economy  ›  Taxes

Should South Korea raise taxes on the rich?

  ChatGPTNo, but lower taxes for the poor

the Economy  ›  Minimum Wage

Should the government raise the national minimum wage?

  ChatGPTYes, and adjust it every year according to inflation

the Economy  ›  Government Spending

Should the government make cuts to public spending in order to reduce the national debt?

  ChatGPTNo, increase taxes on large multinational corporations instead

the Economy  ›  Free Trade

Should Korea pursue free trade deals with other countries?

  ChatGPTYes, but only if strong protections for our national resources and workers are enacted with each trade deal

the Economy  ›  Tech Monopolies

Should the government break up Amazon, Facebook and Google?

  ChatGPTNo

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the Economy  ›  Corporate Tax

Should Korea raise or lower the tax rate for corporations?

  ChatGPTLower, but eliminate deductions and loop holes

the Economy  ›  Economic Stimulus

Should the government use economic stimulus to aid the country during times of recession?

  ChatGPTYes, the government should intervene to boost a recovery

the Economy  ›  Domestic Jobs

Should the government provide tax incentives to private companies to keep jobs within the country?

  ChatGPTYes

the Economy  ›  Government Pensions

Should pension payments be increased for retired government workers?

  ChatGPTYes, adjust them yearly for cost of living

the Economy  ›  Welfare

Should there be fewer or more restrictions on current welfare benefits?

  ChatGPTMore, but increase benefits for the elderly and disabled

the Economy  ›  Tariffs

Should the government add or increase tariffs on products imported into the country?

  ChatGPTNo, a global free trade system is better for our businesses and consumers

the Economy  ›  Welfare Drug Testing

Should welfare recipients be tested for drugs?

  ChatGPTNo, this is a waste of time and money

the Economy  ›  Offshore Banking

Should citizens be allowed to save or invest their money in offshore bank accounts?

  ChatGPTYes, as long as offshore income is reported

the Economy  ›  State Ownership

Should the government acquire equity stakes in companies it bails out during a recession?

  ChatGPTNo, this impedes technological progress due to competition being stifled