On May 27th, Observer.com published Peking University National Development Institute Dean Yao Yangspeech "Restart domestic consumption, low-income groups should be given direct cash". In his speech, Yao Yang proposed: direct cash payments to low-income earners, 10,000 yuan per household!
Yao Yang is an economist I am familiar with. When I was working in the media, he was invited to write articles for my column many times, expressing his views on economic and social hot issues. I fully respect some of his previous views, but I don't fully agree with all of them. However, today, I not only fully respect, but also fully agree with his suggestion of "directly disbursing 10,000 yuan per household to low-income earners".
As an economist, he wants to speak for people, for people, and for the people at the bottom. As a Chinese economist, it is even more necessary to speak for the common people, so as not to lose the character of traditional Chinese intellectuals who "set up their hearts for the world, establish their lives for the people, inherit their knowledge for the past, and create peace for all generations."
The original text of Yao Yang’s speech is as follows: “I have always proposed to give money directly to ordinary people. Recently, Mr. Justin Yifu Lin also started to say the same. 10,000 yuan, I agree with both hands.”
Indeed, Lin Yifu also said that he would send money directly to the people. On May 18, Justin Yifu Lin said in his speech "New Challenges and Responses to China's Economy": "There are many families, especially low- and middle-income families, who, after more than two years of intermittent lockdowns due to the epidemic, have found employment on the one hand. Affected, income affected. Second, a lot of savings are almost used up. Recently, consumption both above the county level and below the county level has collapsed. In view of this situation, I and the National Development Institute The other three teachers wrote a suggestion in the previous paragraph, suggesting that in these closed places, each family should be given 1,000 yuan to support their consumption. Of the 1,000 yuan, 500 yuan can be used as consumption coupons, which are targeted at the places where he is located. Which industry is the main industry for small and medium-sized enterprises, this consumer coupon will support their consumption. In addition, 500 yuan in cash can be issued, and digital renminbi can be used in this cash, which will also help us promote digital renminbi.”
Yao Yang said , It is too little to send 1,000 yuan to each family, and I think it is too little, not to mention that there are 500 yuan in it as consumption coupons. Things like consumer coupons are often flashy. In some places, including some electronic consumer coupons issued in Beijing, they are basically just for show, and ordinary people don't take it seriously. Some low-level people, many elderly people who don't have smartphones and don't know how to surf the Internet, what's the use of you issuing electronic consumption coupons? Therefore, it is better to find gold directly, which is visible, tangible, convenient to use, and of course the most affordable.
As for why the gold should be discovered directly, the economist explained: “The government should provide the low-income groups with direct discovery of the gold, and those affected by the epidemic, whose income has been reduced, and who have lost their jobs, can also directly discover the gold. Limit consumption within a certain period of time, so that everyone will spend the money quickly, and consumption can start immediately.
" That's right, on the surface it seems to be sending money to low-income groups, but in fact it is to start consumption and boost consumption Investors' confidence, the ultimate beneficiary is the country. You must know that development is the foundation and key to solving all problems, and confidence is more important than gold. If the consumer confidence of ordinary people is gone, then the trouble will be too great.
In his speech, Yao Yang also said, "Many market players are small shops or a few rooms rented in office buildings. During the epidemic, there are no customers. What should they do? can takeIt is obviously problematic to rely on loans to pay salaries and rent. The policy of other countries is like this, as long as there are workers, the government will pay the money, instead of letting the enterprises borrow money.”
I also applaud this point of view. Why do you say that small and medium-sized small and micro enterprises use loans to pay wages and pay rent Is there a problem? Because the loan money will have to be repaid sooner or later, not non-repayment. Since it has to be repaid, isn’t it still creating pressure for the survival of small, medium and micro enterprises? This is actually a matter of drinking poison to quench thirst, and dying sooner or later, but They will all die sooner or later. The consequences of this kind of death obviously cannot and cannot happen. You must know that small, medium and micro enterprises support the largest employment in China, and they are actually the rice bowls of our Chinese people. , I once said: "It is these small, medium and micro enterprises that feed our people, not those giant state-owned enterprises, central enterprises and so-called leading private enterprises! These small, medium and micro enterprises may be just a small restaurant, but it supports several families including the boss, chef, and waiters; it may be just a small store, but it supports several families including the boss, store manager, and salesperson. People; it may be just a small processing factory, but it supports several families including the director of the small factory, workers, and incoming and outgoing drivers. "
Currently, the epidemic is still raging, the people are still suffering, the economic growth rate is slowing down, and the market is almost freezing. At this very moment, please raise your hand if you agree with the economists' point of view of directly sending money to our people, and please raise your hand Those who appealed with me: Send money! Send money! Send money! Today, you send me a cent, and tomorrow I will pay you back a hundred yuan! Send money! Send money! Send money!
(This article is based on the chief Consultant Cao Baoyin 【Cao Shuan · Serious Case Inventory Series】Video arrangement)
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