Yue Chim Richard Wong 王于漸 | Social Security

Yue Chim Richard Wong 王于漸

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Economic Thoughts on Poverty Alleviation (Part 1)

By YueChim Richard On 2013/05/22 · Add Comment · 102,404 views

(This essay was published in Hong Kong Economic Journal on 22 May 2013) A negative income tax provides a good solution for Hong Kong to address its poverty problem in an efficient and less costly way. It provides immediate political support for government to find breathing space to negotiate difficult-to-reform social programs, and to devise and implement new approaches to funding and organizing social programs that is sustainable in the long run. Long-term political support for alleviating poverty can only be found provided it is economically sustainable.

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