Universal Pension is Sugar-Coated Poison

"Recently, pan-democratic parties opposed the HK$6000 handout announced in the 2011 Budget, and advocated the establishment of a Universal Pension. We are appalled at their recommendation. Modelled after pension plans in Europe and the USA, to fund a pension for every citizen aged 65-year and over, Hong Kong would need to substantially increase the current tax rates, and those who pay the most taxes, younger generations and middle class professionals, would pay dearly out of pocket."