Fading Prudence

Hong Kong’s proposed new budget continues a dramatic shift in the size and role of government that breaks through the boundaries of the Basic Law. From 1997-2007 Hong Kong grew total public spending at an average of 2.3% per annum. The recently announced budget shows growth since then that willContinue reading>

Hong Kong’s Bequest

  The idea of positive non-intervention is arguably one of Hong Kong’ s greatest bequests to political thought. This idea is even more relevant today as ad-hoc government responses to economic problems are creating an ever deeper financial crisis. Yet despite the better performance of Hong Kong because of itsContinue reading>

Save our values, not Government Hill

Public opinion polls are a poor way to run government policy. Polls are especially ill suited for policies about land use and development. If every separate development is subject to a vote, it undermines property rights and the ability to develop a diverse and vibrant city that caters to manyContinue reading>

Strengthening the middle

Salaries and income taxes are less inevitable than the old canard about death and taxes would have you believe. Historically, income taxes were usually introduced to finance war. Similarly the salaries tax in Hong Kong was not introduced until 1940. Whilst suspended during the Japanese occupation, it resumed in 1947.Continue reading>