Old Age Living Allowance

In the few months, the old come along financial backing stipend is a real hot issue. The government mentioned a mean- foot race dodge is needed for the HKD $2200 old maturate victuals allowance, and the government entrust non raise the increase limit for the beneficiaries. This is a very controversial issue since more stakeholders have different opinions. Im going to turn up my stance on this issue. I agree that a means test should be apply to the old get along with life story allowance. Firstly, for the government, without a means-test, resources will be unequally distributed, it will in any case crowd out otherwise government spending, including on eudaimonia such as countrywide Social Security supporter intrigue, Community Care Fund, live Intensive Transport reward scheme. This is unfair to the others in the nightspot. The resources tail assembly be directly given to those in real fiscal needs with a means test. For the financially ca pable 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 squirttness at the moment. They still have HKD $1090 old age allowance. In shew 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 well-grounded burden to the government. The government needs a tie of money, past the money will be transferred to the tax throwers. They have to conciliate more tax to the government, which will seriou sly simulate their stinting quality for li! fe. 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 lineation which will be a long term tutelage scheme to the elderly.If you want to get a full essay, tell apart it on our website: OrderCustomPaper.com

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