HK is dying
Join Date: Jul 2018
Location: All over
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To make a long and complicated story short and simple, basically the HK Government, because it is not elected and hence need not act in the interests of the demos, is, in practice, a means of syphoning more and more of the people's money to a small cartel of hyper-rich property developers and the construction industry. The HK Government has a huge amount of money, gathered essentially through "land premiums" which is a tax passed on to the people through inflated property prices, which it then spends on white elephant infrastructure projects (bridge to Macau, high-speed rail link, forthcoming "East Lantau Metropolis") thereby transferring that money to the construction/property cartel. The established career path on (early) retirement from the HK Civil Service (already one of the highest paid in the world) is to directorships and other senior positions within that cartel, where they are richly remunerated (yes, even more than the most senior Cathay A scale captain!) for their earlier cooperation.
