Hopeless Inequality is the Real Issue in Hong Kong and the World

There are billionaires who became rich in Hong Kong but then make almost all new investments outside of Hong Kong.Singapore has been trying to give voice to complaints of the poor and middle class with the 2012 Our Singapore Conversation.In 1994, Singaporean novelist Catherine Lim coined the term ‘Great Affective Divide’ to encapsulate Singaporeans’ growing sense of alienation from the PAP Government’s “uncompromising commitment to economic imperative”. Now others must get less poor.China has an advantage in making major progress on these issues.China can construct massives amounts of housing and then subsidize ownership.Hong Kong can also relieve a lot of its housing issues.Existing public housing estates have a lower development intensity and plot ratio than their private sector counterparts. In view of the current average waiting time for general applicants of 5.3 years, the Hong Kong government can raise the development density of new public housing estates, together with related supporting facilities.There are thousands of hectares that can be developed in the Northern New Territories.New Territories North – covering the North district and the northern part of Yuen Long district – has ample land for development.