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October 19, 2004
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Learning from the young
Welfare is a big issue in Hong Kong, with further cuts proposed to the welfare budget after pensions were cut by over 5% last month. This is despite record land prices, a budget that is rapidly approaching surplus again thanks to a booming economy and a misguided view of basing welfare payments on the past deflation rather than the approaching inflation. But the poor of Hong Kong needn't despair. A 10 year old has shown them the way. From the SCMP: A 10-year-old schoolboy spent $10 to buy a rice box, got free water from a McDonald's restaurant and slept rough in a park each day after running away from his Tuen Mun home nine days ago.If you assume an average month has 30 days, then pensions need only pay HK$333 for Hong Kong's poor to live comforatbly. It's nice to see the youth of this city taking a lead on such a difficult problem. posted by Simon on 10.19.04 at 11:01 AM in the
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