Socialist Party’s platform and policies on Economic Issues

the Economy › Taxes

Should Chile raise taxes on the rich?

SP>SP Public statementsYes

the Economy › Government Spending

Should the government make cuts to public spending in order to reduce the national debt?

SP>SP Public statementsNo

the Economy › Universal Basic Income

Do you support a universal basic income program?

SP>SP ChatGPTYes, everyone should receive an income to cover basic necessities including food and housing

the Economy › Economic Stimulus

Should the government use economic stimulus to aid the country during times of recession?

SP>SP ChatGPTYes, the government should intervene to boost a recovery

the Economy › Minimum Wage

Should the government raise the federal minimum wage?

SP>SP ChatGPTYes, and adjust it every year according to inflation

the Economy › Labor Unions

Do you believe labor unions help or hurt the economy?

SP>SP Public statementsHelp

the Economy › Corporate Tax

Should the government raise or lower the tax rate for corporations?

SP>SP Public statementsIncrease for large multinational corporations but lower for small businesses

the Economy › NAFTA

Should Chile continue to participate in the North American Free Trade Agreement (NAFTA)?

SP>SP ChatGPTNo

the Economy › VAT Rates

Should VAT rates be increased or decreased?

SP>SP ChatGPTIncrease, but only on luxury purchases

the Economy › Domestic Jobs

Should the government provide tax incentives to private companies to keep jobs within the country?

SP>SP ChatGPTYes, and drastically increase taxes and import tariffs on outsourcing businesses

the Economy › Government Pensions

Should pension payments be increased for retired government workers?

SP>SP Public statementsNo

the Economy › Offshore Banking

Should Chilean citizens be allowed to save or invest their money in offshore bank accounts?

SP>SP ChatGPTNo, too many wealthy citizens are abusing loopholes in offshore banking laws to evade taxes

the Economy › State Ownership

Should the government acquire equity stakes in companies it bails out during a recession?

SP>SP ChatGPTYes, the government should receive equity for any financial aid they provide to companies

the Economy › Welfare

Should there be fewer or more restrictions on current welfare benefits?

SP>SP ChatGPTFewer, current benefits do not provide enough support

the Economy › Farm Subsidies

Should the government subsidize Chilean farmers?

SP>SP Public statementsYes

the Economy › Tech Monopolies

Should the government break up Amazon, Facebook and Google?

SP>SP ChatGPTYes

the Economy › Tariffs

Should the government add or increase tariffs on products imported into the country?

SP>SP ChatGPTYes, this will help create and save more jobs

the Economy › Welfare Drug Testing

Should welfare recipients be tested for drugs?

SP>SP ChatGPTNo

the Economy › Four-day Workweek

Should Chile transition to a four-day workweek?

SP>SP ChatGPTYes, and require overtime pay for work over four days per week

the Economy › Bitcoin

Should the government classify Bitcoin as a legal currency?

SP>SP Party’s support baseNo

the Economy › Cryptocurrency

Should the government classify cryptocurrencies as legal forms of payment?

SP>SP ChatGPTNo, classify cryptocurrencies as highly regulated securities

the Economy › Gig worker tax reporting

Should online payment platforms be forced to report all transactions over $600 to the IRS?

SP>SP ChatGPTYes, except for low income citizens

the Economy › Decentralized Finance

Should the technology of our financial system transition to a decentralized protocol, that is not owned or controlled by any corporation, similar to the internet?

SP>SP ChatGPTYes, this would reduce wealth inequality by providing more transparent, affordable, and inclusive access to financial services

the Economy › Stock Buybacks

Should the government tax stock buybacks?