Sunday, 1 October 2017

"Use surplus to build more recycling units" | SCMP. 1 Oct 2027

My letter ran in today's South China Morning Post:
            
I couldn't agree more with Alex Lo ("Let's have a hi-tech solution to recycling", September 19).
Instead of handing excess cash back to the public or declaring relief on property taxes, why doesn't the government use at least part of its surplus to build recycling plants?
That would require subsidies to be sure. But putting trash in landfills is also subsidised – and simply wasted.
There is no need for yet ­another "consultation" or ­attempts at a "consensus". As Mr Lo points out, the public knows major recycling is needed, and that we badly lag behind other developed economies. I urge Chief Executive Carrie Lam Cheng Yuet-ngor to Just Do It!
          Peter Forsythe, Discovery Bay

PS, Today's news: the government's surplus is currently running at $HK 185 Billion per year ($US 25 Billion) the highest per capita in the world. So high that the Carrie Lam is considering reducing tax rates to below 10%.  
The government's Fiscal savings are close to $HK 2 Trillion ($US 260 Billion).