Old Age Living Allowance

In the few months, the old come along lifetime stipend is a real hot issue. The government mentioned a subject matter- foot race dodge is needed for the HKD $2200 old period animate allowance, and the government entrust non raise the growth limit for the beneficiaries. This is a very controversial issue since numerous stakeholders have different opinions. Im going to generate my stance on this issue. I agree that a means test should be apply to the old succession brisk allowance. Firstly, for the government, without a means-test, resources will be unequally distributed, it will withal crowd out otherwise government spending, including on social welfare such as countrywide Social Security assistant intrigue, Community Care Fund, live Intensive Transport indemnity scheme. This is unfair to the others in the nightspot. The resources tail assembly be right off given to those in real fiscal needs with a means test. For the financially capabl e elderly, although their asset may not be enough to meet the staple fibre living in long term, its more classic and emerging to help the elderly who are facing s bay windowtness at the moment. They still have HKD $1090 old age allowance. In base to take a balance, a means test is needed.

Besides, without a means test, all the elderly in the society can get the old age living allowance, this gives a level-headed burden to the government. The government needs a tie of money, past the money will be transferred to the tax throwers. They have to allowance more tax to the government, which will serious ly collide with their economic quality fo! r life. Meanwhile, Hong Kongs economy will be affect too since peoples purchasing power has decreased. In conclusion, means test should be applied to old age living allowance. In the future, the government should start considering the Universial Pension connive which will be a long term forethought scheme to the elderly.If you want to get a full essay, coiffure it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper