“Many-to-Many discussion”

Since: Dec 13

Hong Kong

#26 Dec 19, 2013
【太&# 38525;報專 訊】&# 26412;港樓 市過&# 21435;幾年 受惠&# 20302;息環 境,&# 25104;交價 量可&# 35586;齊齊 飆升&# 65292;隨着 美國&# 32879;儲局 正式&# 21855;動退 市,&# 24847;味加 息日&# 23376;正在 「倒&# 25976;」中 ,已&# 35211;脆弱 的樓&# 24066;勢遭 打擊&# 12290;專家 指出&# 65292;在退 市、&# 25919;府狂 推地&# 12289;辣招 有增&# 28961;減、 發展&# 21830;積極 推新&# 30436;的四 重夾&# 25802;下, 香港&# 27155;市將 面臨&# 21361;機, 明年&# 22235;、五 月住&# 23429;樓價 勢挫&# 20841;成半 至三&# 25104;。有 較悲&# 35264;的分 析師&# 26356;預測 ,假&# 22914;本港 競爭&# 21147;下降 ,樓&# 20729;或由 高位&# 19979;挫五 成才&# 26371;見底 。

Lion S:“If more people apply for Social Security Benefits or Welfare, how would the Hong Kong Government pay for it? China may be sending many high-spending tourists to Hong Kong. That tourism money mainly goes to the private enterprises. Does the Hong Kong Government need to increase taxes?”

Lion P:“US is reducing its purchase of bonds. The Interest Rate will eventually rise. The impact to the Property Market in Hong Kong will be a lowering of prices. Many property owners will see part of their assets vaporize. Some may even become negative worth. Business confidence and activities will decrease. Increasing taxes in such an environment is political suicide.”

If you were the Chief Executive or the Policy Advisor, what is your proposal?

“Many-to-Many discussion”

Since: Dec 13

Hong Kong

#27 Dec 20, 2013
[quote]Lion S:“If more people apply for Social Security Benefits or Welfare, how would the Hong Kong Government pay for it? China may be sending many high-spending tourists to Hong Kong. That tourism money mainly goes to the private enterprises. Does the Hong Kong Government need to increase taxes?”
If you were the Chief Executive or the Policy Advisor, what is your proposal?[/quote]

Lion T:”One concept being accepted is that – Government is responsible for creating and distributing Modern Wealth to its Citizens. A Government must increase its money supply for its citizens to be wealthy. The increase must be in step with the increase in Meaningful Economic Activities.”

Lion S:“If a Government prints money to support Social Services, more money goes to the under privileged class. Is this a way of narrowing the gap between the rich and poor?”

Lion T:“Yes.”

Lion S:“Will it diminish the spirit to self-improve? Will the Citizens become lazy and rely on Government Handout?”

Lion T:“The Government can have policy to entice or force welfare recipients to enter the work force. Hong Kong is at almost full employment. There are plenty of jobs waiting for workers.”

“Many-to-Many discussion”

Since: Dec 13

Hong Kong

#28 Dec 21, 2013
Lion S:” Let us focus back on the question – should the Government increase taxes and get more money back from the Wealthier Citizens to redistribute it to the poor?”

Lion T:“Hong Kong is an unusual place. It is a rich man shelter because of its low tax and free money exchange system. The amount that flows in legally (and not so legally) is much, much higher than what could be raised via higher taxes.”

Lion S:“But how would the Government get some of such money and use it on Social Services?”

Lion T:“The common ways include the Banking System and the issuing of Government Bonds. People usually place their funds with Banks or purchase Bonds to get some interests. Hong Kong Government should consider such measures.”

Lion S:“Are there uncommon ways?”

Lion T:“Yes. These include development of New Towns or New Enterprises. For example, the Governments invested in the MTR and then get the money back via Company listing on the Stock Market.”

Lion S:“With your logic, a Government should issue bonds even if it does not need the money!”

Lion T:“Yes. Issuing Bonds is a way of controlling the money being circulated in the System.”

“Many-to-Many discussion”

Since: Dec 13

Hong Kong

#29 Dec 21, 2013
Waken Up Lions wrote:
Lion P:“US is reducing its purchase of bonds. The Interest Rate will eventually rise. The impact to the Property Market in Hong Kong will be a lowering of prices. Many property owners will see part of their assets vaporize. Some may even become negative worth. Business confidence and activities will decrease….”
If you were the Chief Executive or the Policy Advisor, what is your proposal?
Lion T:“If the property price in Hong Kong drops, the Government can help many Citizens to climb back on the Property Wealth Ladder. One technique is to partner would be property owners with investment funds. They purchase the home together; each owning a certain percentage. The home owner is responsible for the Mortgage and also pays a small interest to the investment fund. In this way, the home owner does not need to pay high rents and try to save money at the same time.”

Lion P:“This will force the property price to go back up. A very clever control mechanism and politically wise move. Wow.”
LOL

New York, NY

#30 Dec 22, 2013
Has 'democracy' helped India or Taiwan or Japan?

“Many-to-Many discussion”

Since: Dec 13

Hong Kong

#31 Dec 22, 2013
Waken Up Lions wrote:
Lion S:“But how would the Government get some of such money and use it on Social Services?”
Lion T:“The common ways include the Banking System and the issuing of Government Bonds. People usually place their funds with Banks or purchase Bonds to get some interests. Hong Kong Government should consider such measures.”
Lion S:“With your logic, a Government should issue bonds even if it does not need the money!”
Lion T:“Yes. Issuing Bonds is a way of controlling the money being circulated in the System.”
Lion S:“The USA Government issues Bonds and the Chinese Government buys a lot of them. Is bonds considered as a loan that needs to be repaid? How should the USA Government repaid such debts?”

Lion T:“When China buys USA Government Bonds, the payment at maturity is in US Dollars. The USA Government can always issue more US Dollars to honor the Bonds. Thus Government Bonds are considered as one of the safest investments.”

Lion A:“By issuing Government Bonds, a Government effectively takes away some of the money in the economy. For example, a Government issues Bonds at 3% interest. 100 units of money go to the Government. That means 100 units of purchasing power disappears from the Market. The Government can spend that money on Social Services etc.”

Lion T:“At the maturity of the Bond, the Government prints more money (103 units) to give back to the Investor. Very likely, the investor will use the 103 units plus more to buy more Government Bonds. The Government again has more money to use. This process can go on forever.”

Lion S:“What would happen if the investor does not want to buy Government Bonds anymore?”

Lion T:“The investor will have the money to buy something else. This may cause potential inflation but a reckless investor may find that he would have wasted the money on many useless items.”

Lion A:“A Government is supposed to increase the money supply so that its Citizens can be wealthier. The spending of the money raised by issuing Bonds on Social Services is one way of narrowing the gap between the rich and poor!”

Lion S:“Does the Hong Kong or the Chinese Government understand this logic?”

“Many-to-Many discussion”

Since: Dec 13

Hong Kong

#32 Dec 27, 2013
A Christmas Story

An Accountant in California retired this year and over 1,000 people attended his Retirement/Christmas Party. His success story was told:

(1) The Accountant got his University education at the Chinese University of Hong Kong in the 1970s and emigrated to California.
(2) He opened his own accounting firm, struggled for many years. He was very busy during the tax period and was idle for the rest of the year.
(3) His first big break was helping Chinese Restaurants to computerize and taking on their payroll tasks. He had year-round income.
(4) His wife first worked as a teller in a Bank and worked her way to Branch Manager. They had a son and a daughter. Both were successful. The son manages the accounting firm. The daughter is a medical doctor.
(5) Their second major break was helping the restaurant waiters and waitresses to buy their own homes. The income of these waiters and waitresses were not sufficient to qualify for Bank Mortgages. The accountant loaned them money and co-owned the properties.
(6) Many waiters and waitresses were very grateful. There was practically no managing of property. When the properties were sold, the borrowed sum was repaid with no interest. The extra “gold” was the percentage of the property appreciation profit.
(7) Over the 40 years of the accountant’s working life, the property value of California Property must have increased many times. Such “gold” guaranteed an extremely comfortable retirement and built up hundreds and thousands of friends.
(8) Technique similar to this was proposed to the Hong Kong Government and got good initial response. When the Hong Kong property values falls to an appropriate level, we may see this technique in action.

Such Christmas Stories will inspire many youngsters. Amen.

“Many-to-Many discussion”

Since: Dec 13

Hong Kong

#33 Dec 28, 2013
Lion S:“The USA example of Democracy does not work. Look at Thailand. Look at USA itself. Why should China follow a failed model?”

Lion A:“That is why we propose the better model – Super Democracy.”

Lion T:“That model has not been tried. How can we be sure that it works?”

Lion A:“China is in the process of finding its own solution. Hong Kong is allowed to experiment with a different system (from that implemented in China). Experiments may not work but we can all learn from that process.”

Lion S:“What has Hong Kong learned so far? The Loudest Voice wins? The shock statements will attract media attention? Refusal to compromise will get Public Sympathy? Popular Government Policies can be declared illegal by the Courts?”

Lion T:“Do not get too excited. Hong Kong still prospers. Hong Kong Citizens will still find a way to live comfortably. All these political happenings are like soap operas!”

Lion A:“Hong Kong, China and the World can learn much from the operas. Let us continue to explore the limits of Super Democracy.”

“Many-to-Many discussion”

Since: Dec 13

Hong Kong

#34 Dec 28, 2013
Lion A:“Hong Kong, China and the World can learn much from the operas. Let us continue to explore the limits of Super Democracy.”

Lion S:“There is nothing technically new in the so called Super Democracy. You allow the voters to cast Test Votes via the Internet. You only ensure that each voter has one vote. The Hong Kong immigration system with the pictures and figure prints on the Identity Cards already demonstrated such a system is possible.”

Lion T:“You add the discussion forums. One group can be unmoderated – allowing any one to express any opinion. One group can be moderated – with humans to filter out the inappropriate comments. A Government sponsored discussion forum should be moderated. It may copy some posts from the many unmoderated forums. Politics will inevitably be involved.”

Lion C:“Some may post hundreds of comments. Some may post none. It is still the loudest voice wins.”

Lion L:“But every voter is allowed to express his opinion to his heart’s content in the unmoderated forums. The Government supported moderated forum will only extract the best, appropriate opinions. Any one may browse both the unmoderated and moderated forums.”

Lion A:“That is why Hong Kong should be a test site before such technique is widely adopted in China and the World.”
Lion W

Central District, Hong Kong

#36 Jan 2, 2014
I look forward to an actual presentation and discussion session - the old way. Questions can be raised and some topics can go into greater depth.

Some youngsters will benefit.
I can read

Edinburgh, UK

#37 Jan 2, 2014
No doubt it will be the same as last time. A fraud.

Last time well over 60% of votes were for more independence and less control from Beijing.

However this resulted in a large majority for the side who wanted beijing to have more control.

Calling what goes on in hong kong is as big a lie as saying china is a republic or the people's.
I can read

Edinburgh, UK

#38 Jan 2, 2014
Missed the phrase 'a democracy' from my last post. Duuuuhhh.
Lion S

Central District, Hong Kong

#39 Jan 2, 2014
Hong Kong and Macau do not need to inrease their own money supply because other people pour in the money (especially China).

There are stories that Chinese Mainlanders carry suitcases of RMB to the casinos in Macau. I know that they are not stories because I have relatives working at the Casinos.
Waken Up Lions

Central District, Hong Kong

#40 Jan 2, 2014
I can read wrote:
No doubt it will be the same as last time. A fraud.
Last time well over 60% of votes were for more independence and less control from Beijing.
However this resulted in a large majority for the side who wanted beijing to have more control.
Calling what goes on in hong kong is as big a lie as saying china is a republic or the people's.
The pro-Democracy Parties killed themselves in the last Lego election. They could not distribute the votes appropriately amongst themselves. The "fraud" was a failure to play correctly according to the rules of the election game.
I can read

Edinburgh, UK

#41 Jan 3, 2014
Waken Up Lions wrote:
<quoted text>
The pro-Democracy Parties killed themselves in the last Lego election. They could not distribute the votes appropriately amongst themselves. The "fraud" was a failure to play correctly according to the rules of the election game.
The rules are the electorate gets 50% of the vote and beijing gets 50% of the vote.

As I tried to say before, it's a fraud. There is no possible way hong kong can vote for anything except beijing control.

If a single person votes for china control they have a majority and even if not one peson votes in their favour, they control the voting stations.

Since: Nov 10

Zhengzhou, China

#42 Jan 3, 2014
what is lego election?
Waken Up Lions

Central District, Hong Kong

#43 Jan 3, 2014
New China wrote:
what is lego election?
Lego = Legislative Council Election. Currently there are 70 members. Some are elected by all citizen voters; some are elected by region basis and some are elected by functional constitutes. Political parties submit lists of candidates for election.

Search via Google on Hong Kong Legistlative Council Election for more detail.
Waken Up Lions

Central District, Hong Kong

#44 Jan 3, 2014
I can read wrote:
<quoted text>
The rules are the electorate gets 50% of the vote and beijing gets 50% of the vote.
As I tried to say before, it's a fraud. There is no possible way hong kong can vote for anything except beijing control.
If a single person votes for china control they have a majority and even if not one peson votes in their favour, they control the voting stations.
Please read up more before posting totally incorrect information.
Lion S

Central District, Hong Kong

#46 Jan 3, 2014
We all know that Hong Kong and Macau are "rich man shelters". But how much money is actually pumped in yearly?

Is it in millions or in billions?
I can read

Edinburgh, UK

#47 Jan 3, 2014
Waken Up Lions wrote:
<quoted text>
Please read up more before posting totally incorrect information.
What is it you'd like to pretend I got wrong?

The people only get to vote for 50% of the legislative council, the other half is decided by beijing appoitees and even then the people are only allowed to vote for candidates pre approved by Beijing despite 90% of them wanting free elections.

It is mathematically impossible for the people to get the government they vote for unless china was giving them that government anyway.

They aren't real elections and it isn't real democracy.

It's a joke, played upon the people of hong kong by their oppressive overlords.

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