Sonin: The Russian government should distribute 10,000 rubles (about $125) to every Russian citizen

PONARS Eurasia
24 Mar 2020

(Meduza) U.S. lawmakers and executive officials are considering an emergency policy that would issue $1,000 to each of the country’s adult residents regardless of economic status. Some politicians, such as Democratic presidential candidate Bernie Sanders, are calling for monthly payments of $2,000 per household, and a number of other countries have implemented emergency income measures already. Each policy is limited in its own way: In Australia, payments were issued to pensioners and low-income earners only, for example, and in Thailand, a proposal for small cash payments to individual groups failed to earn popular support. [...]

The question of cash payments to Russian residents emerged in force following an opinion piece in the respected newspaper Vedomosti by Konstantin Sonin, a professor of economics at the University of Chicago and Moscow’s Higher School of Economics. Sonin argued that the Russian government should distribute 10,000 rubles (about $125) to every Russian citizen, making for a total budgetary outlay of about 1 to 1.5 trillion rubles (between 10 and 20 billion dollars, give or take). [...]

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