Monday, November 24, 2008
Voucher Tragedies
Voucher are destroying the market in a huge way. Malls revenues are dropping because of not thinking before acting. People now wait for the vouchers then buy. However, vouchers come a month later making no one want to buy items.
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The vouchers are hurting the consumerist sector of the economy by a little right now, but only right now and by a little. Plus, the revenue "lost" would at least be all returned when the vouchers do come out. Furthermore, many of the "lost" costumers are deciding to buy things only because of the vouchers. No matter what, in the long run, the vouchers will benefit at least the consumerist sector of the economy, which in turn affects everything else.
ReplyDeleteAlso, for some selfish swing-voters, this policy might be the first thing they think the Ma administration did well.
The real challenge facing the government for the vouchers is paying back for them. There is going to be about an added 82,900,000,000 NTD deficit to offset.