Lik,
Are you kidding? With Hong Kong's aging population, HK government may not be able to pay out such large amounts of money to the seniors in the future. Those with sufficient cash in the bank or income should not get all of it. Welfare should only be paid to those needy seniors. You know, HK already has a much lower tax rate than Canada.
When you want to bash HK, please do more research first. Here in Canada, the amount of Old Age Security given to seniors is based on their reported income. Are you saying Canada should not look at their income first? |