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What's being said on scmp.com
On report, "New tax of up to 2.5pc proposed to fund HK$3,000 a month pension for all Hongkongers", August 20.
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In principle, I advocate a means test . Alternatively, all applicants may be required to declare their assets and those who make false declarations can be severely punished.
Don't understand why if you have HK$100m in assets, you are still entitled to 3,000 per month. What logic is this?
Don't expect employers, companies and people in high places are going to give in to such a scheme without putting up a fight.
Schemes such as the suggested universal pension without a means test do not target the right people.
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