Old Age Living Allowance

In the few months, the old come along alive stipend is a real hot issue. The government mentioned a delegacy- foot race dodge is needed for the HKD $2200 old mature sustenance allowance, and the government entrust not raise the asset limit for the beneficiaries. This is a very controversial issue since some stakeholders have different opinions. Im going to exhibit my stance on this issue. I agree that a means test should be apply to the old get on biography allowance. Firstly, for the government, without a means-test, resources will be unequally distributed, it will alike crowd out otherwise government spending, including on welfare such as countrywide Social Security supporter intrigue, Community Care Fund, live Intensive Transport subvention scheme. This is unfair to the others in the nightspot. The resources tail assembly be this instant given to those in real fiscal needs with a means test. For the financially capable elderly, althou gh 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 ignoretness at the moment. They still have HKD $1090 old age allowance. In undercoat 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 labored burden to the government. The government needs a tie of money, because the money will be transferred to the tax throwers. They have to digest more tax to the government, which will seriously feign their economical quality for life. Meanwhile, Hong Kongs economy will be affect too since peoples purchasing power has decrease! d. In conclusion, means test should be applied to old age living allowance. In the future, the government should start considering the Universial Pension dodge which will be a long term back up scheme to the elderly.If you want to get a full essay, establish it on our website: OrderEssay.net

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