Taiwan to hand out NT$10,000 cash to every citizen
Taiwan's president plans to give every citizen a NT$10,000 cash payout next year, and business leaders are backing it.
- Lai Ching-te says next year's central budget will set aside NT$235.7 billion so everyone shares in the country's "AI dividend."
- The government insists the budget will still balance, with no real new borrowing.
- Lin Bor-fung, who heads a major Taiwanese business group, welcomed the plan, saying not everyone needs the money but some people do.
- Opposition parties mocked the amount as stingy and want NT$20,000 instead.
Outlook: Expect a fight in the legislature over the size of the payout before the budget passes.