Stock Markets Exposed
Should Hong Kong government begin to axe the overall overpaid civil servants salaries by at least 6% to 60%?
I am a reader of Oriental Daily News paper for the past ten consecutive years. The front page of to day provides a clear indication that the Hong Kong economy is predicted to have a negative (-- 6%) growth by the end of 2009. It is recorded that the Hong Kong government had a first fiscal deficit of 2008 of $ HK 800 billions caused by overpaid and oversized civic body, and the huge net loss of $ HK 1008 billions by Hong Kong Monetary Authority (HKMA) in 2007. The chief of HKMA, Joseph Yam is going to step down in the coming September of 2009. He made 10.3 millions in 2007. His overpaid and incompetent performance has evoked the public to sign a petition to the fascist government to reduce the overpaid salary of new chief to be replaced Joseph Yam. The front page also also indicated may companies in the private sectors have launched a wage cut to most employees (technical and professionals) caused by the global economic downturn. It is ranged from 6% to 80% from the private sectors, however; those employees in the private sectors are making 20% to 200% (many senior civil servants and top officials of the HK government are making two to four times in comparison to the Hong Kong standards with similar nature of work described) lessen than the Hong Kong civil servants. For instance, Joseph Yam is making five to six times as what Alan Greenspan and Henry Paulson made. The news also indicated that the Hong Kong Financial Minister (top man, but Hong Kong government named he is the Secretary of HK Financial Dept.), John Tsang Chun-wah refused to axe his and all overpaid Hong Kong civil servants salaries. He and Donald Tsang are the most evil men in Hong Kong history with no concern to the poor and the public at large in this cunt hair city. I can foresee Hong Kong will be in the scene of Doomsday in the next five years. As what my good friend once told me that Hong Kong government should have (five years ago) started to roll back Hong Kong civil servants by at least 6%, stock market should have declined to 8,000 points to suppress the staggering inflation affected every walk of life in HK, rent and property values must be controlled and declined to at least 60% lessen than the current market. The newly elected president has regained his popularity by weankening the Taiwan stock market to control the inflation of Taiwan has made many Taiwan residents live much cheaper than in Hong Kong. My friends in Taiwan are living in flats twice as big as my flat but only paid less than 50% as what I paid for in Hong Kong before. http://tv.on.cc/
Public Comments
- Yes. Over-payments should be axed back and some civil servants should be completely cut off (fired). Thanks for the summary.
- Time to usurp power back to the people from the turd cliques in Beijing and Hong Kong.
