Old Age Living Allowance

In the few months, the old come along supporting stipend is a real hot issue. The government mentioned a mover- foot race dodge is needed for the HKD $2200 old maturate funding allowance, and the government entrust non raise the access limit for the beneficiaries. This is a very controversial issue since numerous stakeholders have different opinions. Im going to place my stance on this issue. I agree that a means test should be apply to the old get along with animate allowance. Firstly, for the government, without a means-test, resources will be unequally distributed, it will excessively crowd out otherwise government spending, including on upbeat such as countrywide Social Security assist intrigue, Community Care Fund, live Intensive Transport pension scheme. This is unfair to the others in the nightspot. The resources tail assembly be outright given to those in real fiscal needs with a means test. For the financially capable elderly, although their asset may not be enough to meet the staple fibre living in long term, its more classic and rising to help the elderly who are facing s back endtness at the moment. They still have HKD $1090 old age allowance. In entrap 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, consequently the money will be transferred to the tax throwers. They have to brook more tax to the government, which will seriously reac h their economic quality for life. Meanwhi! le, 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 escape which will be a long term upkeep scheme to the elderly.If you want to get a full essay, monastic order it on our website: OrderCustomPaper.com

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