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Fixing Inequality in Hong Kong$
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Yue Chim Richard Wong

Print publication date: 2017

Print ISBN-13: 9789888390625

Published to Hong Kong Scholarship Online: January 2018

DOI: 10.5790/hongkong/9789888390625.001.0001

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Social Welfare Policy and an Income Subsidy Scheme

Social Welfare Policy and an Income Subsidy Scheme

(p.66) 8 Social Welfare Policy and an Income Subsidy Scheme
Fixing Inequality in Hong Kong

Yue Chim Richard Wong

Hong Kong University Press

When nearly a quarter of GDP is redistributed through a rag bag of measures, one should expect poverty to have been considerably alleviated in these societies, if not totally eliminated. But this has not been the case. Income inequality in the West has not improved and, in fact, has worsened in recent decades. Sociologists, economists, and political scientists agree that an underclass exists in Western societies. For decades, this was believed to affect mostly “minorities,” but recent evidence shows that many in the mainstream middle class are descending into the underclass. The ability of income redistribution in alleviating poverty has its limits. Poverty alleviation has to be tackled through another front – economic growth.

Keywords:   Education, Welfare, Income redistribution, Poverty, Economic growth

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