Why Taiwan Needs to Have Emergency Basic Income Now

Written by Tyler Prochazka. As the coronavirus spreads rapidly around the world, the global economy could face its most serious decline since the 2008 Great Recession. While Taiwan has avoided a serious community spread of COVID-19, it is not immune to the global economic fallout from the pandemic. To assure that its citizens are able to keep their heads afloat financially, the Taiwanese government should prioritize an emergency basic income for every household over bailouts to corporations.

How Taiwan Has Dealt with the Coronavirus Pandemic: Lessons for the United States

Written by T.Y. Wang and Ching-Hsin Yu. The worsening prospect of the pandemic has led to two dozen state governments taking drastic measures by ordering all residents to stay in their homes, restricting the movement of more than 200 million Americans. As a result, schools are shut down, restaurants are closed, and the airlines have dramatically reduced their scheduled flights. The American economy has ground to a halt with a record 3.3 million Americans applying for unemployment benefits. In contrast, several thousands of miles away, Taiwan has been able to keep the number of coronavirus infections relatively low.

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