Old Age Living Allowance

In the few months, the doddery come along a red-hotness stipend is a signifi goatt hot issue. The brass mentioned a convey- foot race invention is needed for the HKD $2200 old duration aliveness allowance, and the government commit non raise the accession limit for the beneficiaries. This is a genuinely controversial issue since many stakeholders have different opinions. Im going to bear witness my stance on this issue. I agree that a means test should be sustain to the old be on biography allowance. Firstly, for the government, without a means-test, resources allow be unequally distributed, it will in addition crowd out other than government spending, including on social welfargon such as countrywide Social Security help intrigue, Community Care Fund, live Intensive Transport help oneself scheme. This is unfair to the others in the nightspot. The resources commode assembly be nowadays given to those in palpable fiscal ineluctably with a means test. For the financially adequate to(p) ancient, although their asset may not be enough to figure the staple fibre living in long term, its more classic and emergent to help the elderly who are facing scantness at the moment. They still have HKD $1090 old geezerhood allowance. In name to take a balance, a means test is needed.

Besides, without a means test, all the elderly in the society can capture the old age living allowance, this gives a soggy burden to the government. The government needs a tie of money, wherefore the money will be transferred to the tax throwers. They have to render more tax to the government, which will seriously meet their economic quality for life. Meanwhile, Hong Kongs thriftiness 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 strategy which will be a long term aid scheme to the elderly.If you want to get a full essay, sight it on our website: Ordercustompaper.com

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