It's that time of year when many of my colleagues go into spasms of ecstasy and excitement because they get to report on something sacred called The Policy Address.
I confess I used to be one of them but over the years, as the annual ritual systemically degenerates both in terms of the quality of policy formulation and visions and ideas shared, the speech in the Legislative Council and the document released afterwards become little more than inducements to sleep. The latest address has not reversed the trend.
If there is one positive thing you can say about Leung Chun-ying's second address, it's that it's honest: no pretence of any grand plan, none of "that vision thing". That's because it has precious little to offer. Well, there is that land supply thing: 470 000 units over the next 10 years. But we already know that from last year, and over 60 per cent will be in public housing.
So, if you are middle class or above, you may as well forget about getting a copy of the document. There is nothing in it for you: no tax cuts, tax incentives or tax-deductibles in health care or education. Nothing, zero! Well, if you have very young children, you get an extra HK$2,500 a year in pre-school or kindergarten vouchers. But if they are older, well, you are on your own.
The big fanfare from Leung and Co. is that if you are poor, you are in for all sorts of goodies. We should always do more for the poor and low-income families, so I am not objecting in principle, only questioning their effectiveness. The HK$3 billion boost will put a few hundred dollars to HK$2,000-plus into the pockets of 700,000 people from low-income households.
There is a groundbreaking scheme to help children from ethnic minorities master Chinese as a second language to improve their chances of university admission and employment. But whatever dollar sign the government puts on a poverty relief programme, you can be sure a truly effective scheme would cost a lot more.
On a positive note, the first highlight - I am not making this up - in the address' health care section is a new subsidy for "colorectal cancer screening for higher risk groups". You get a subsidised probe up your posterior. Never say Leung is not taking care of you.