Source:
https://scmp.com/business/economy/article/1421694/welfarism-corporate-kind-real-problem
Business

Welfarism of corporate kind is the real problem

Despite alarmist talk, it's creepy how handouts to poor are falling as charity for tycoons rises

Professor Lau Siu-kai, former head of the Central Policy Unit, a key official think tank, said the billions of dollars promised to the poor in the policy address had sparked concerns about "creeping welfarism" and the sustainability of public finances among middle-class Hongkongers, who shoulder the lion's share of the city's tax burden.

SCMP, February 5