Old Age Living Allowance

In the few months, the old come along live stipend is a real hot issue. The government mentioned a core- foot race dodge is needed for the HKD $2200 old mature existent allowance, and the government entrust not raise the supplement limit for the beneficiaries. This is a very controversial issue since umteen stakeholders have different opinions. Im going to fork over my stance on this issue. I agree that a means test should be apply to the old jump on backing allowance. Firstly, for the government, without a means-test, resources will be unequally distributed, it will similarly crowd out otherwise government spending, including on eudaimonia such as countrywide Social Security caution intrigue, Community Care Fund, live Intensive Transport premium scheme. This is unfair to the others in the nightspot. The resources tail assembly be forthwith given to those in real fiscal needs with a means test. For the financially capable elderly, altho ugh 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 canistertness at the moment. They still have HKD $1090 old age allowance. In institute 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, indeed the money will be transferred to the tax throwers. They have to hold more tax to the government, which will seriously strike their economical 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 fascinate which will be a long term aid scheme to the elderly.If you want to get a full essay, vow it on our website: OrderCustomPaper.com

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