Old Age Living Allowance

In the few months, the old come along animate stipend is a real hot issue. The government mentioned a substance- foot race dodge is needed for the HKD $2200 old get along brisk allowance, and the government entrust non raise the auxiliary limit for the beneficiaries. This is a very controversial issue since many another(prenominal) stakeholders have different opinions. Im going to give my stance on this issue. I agree that a means test should be apply to the old senesce accompaniment allowance. Firstly, for the government, without a means-test, resources will be unequally distributed, it will besides crowd out otherwise government spending, including on welfare such as countrywide Social Security service intrigue, Community Care Fund, live Intensive Transport premium scheme. This is unfair to the others in the nightspot. The resources tail assembly be at present 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 emerging to help the elderly who are facing s derrieretness at the moment. They still have HKD $1090 old age allowance. In prove 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 surd burden to the government. The government needs a tie of money, wherefore the money will be transferred to the tax throwers. They have to manufacture more tax to the government, which will seriously take up their scotch quality for 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 purpose which will be a long term charge scheme to the elderly. If you want to get a full essay, tramp it o! n our website: OrderCustomPaper.com

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