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The conservative budget lacks vision

出自香港新聞網 - 樹仁新傳系學生實習習作

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According to a follow-up survey conducted by HKU Public Opinion Program, people’s satisfaction level on the latest Budget is 52.6marks. Compared with the result done on the release day of the budget, it dropped 4.4marks. It reveals that John C Tsang’s suggestions could not meet people’s expectation. [What was the suggestion?] Now TV experienced financial commentator Chiu Sin Chun attended a talk held at Shue Yan University yesterday and criticized that this Budget lacks vision and long-term contribution. [Great intro!]

The survey interviewed 500 people and found that people’s perception of the budget is getting negative after digesting the information and discussion over the society. [What infromation was digested?] Since there are several taxes reducing measures in the Budget, people generally think that it is pleasing the middle-class and neglect the urgent needs of the working class. They think the relief measures cannot help the needs effectively. [What are the needs?] At the same time, the suggestions proposed are not strong enough to tackle with peripheral financial problems. Chiu attributed this unsatisfactory result to the government’s short-seeing and conservative policies.

“This Budget is just tackling the social problems in bits and pieces. Before 1997, the UK government used laissez-faire policy and later the positive non-interventionism to rule Hong Kong. Nowadays, Hong Kong government gave up the past policies. And the accountability system stopped the officers from being creative and proposing any new idea about Hong Kong policies. It makes the Budget lacks perspective,” said Chiu.

Many people blamed the property developers for the dramatic rise in house and land prices, making it extremely difficult for the working classto buy their own house. To “anti- developer hegemony”, people protest to voice their indignation. [I have no idea what "anti- developer hegemony" means, and neither will your reader. You need to explain these technical terms.] Since measures suggested in the Budget seem no help with the situation, it aggravated people’s anger. However, Chiu disagreed with the idea of developer hegemony. “We cannot blame the property developers only. Developer hegemony is composed of the property developers, the government and the bank. Without the government’s allowance, how could the problem arise? So bad government policy is the root problem,” said Chiu.

He complained that this proposal was too conservative and thus nearly useless. “To have good financial management, our next financial secretary has to think boldly. He/ She cannot let the existing policies to limit the creative ideas,” said Chiu. Besides being courageous, he suggested Hong Kong government to put more effort in research and development, provide corporate with more taxation discount in talents training. It can then raise the knowledge level of Hong Kong people.

[A good intro, and fantastic length, but you use a lot of buzzwords and jargon, and do not define them. At this point, it kind of feels like you are just using terms you heard in the Assembly, without really understanding them or linking them together.]

[Grade: B-]

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