Dear all:
House price is soaring. The currency is depreciating and inflation is going to happen soon. Even university graduates cannot afford to owe a house. There is no minimum wage yet. What can the government do to help this unstable society? I personally thing widening the income gap will not be a problem. I encourage the top 1% of the richest to compete with the richest people in the world. This means that Hong Kong needs to innovate. It needs to design and invent high technology products and sell to the rest of the world. Doing this requires a lot of research and development.
What I really want to suggest is that Hong Kong needs a better University. It needs a private institute to do a research. Hong Kong is a rich city and I think that it can pay and hire the top professors around the world and work in the private university. For example, Steve Jobs' Apple products benefited lots of jobs for the Americans. Hong Kong needs this kind of genius and innovation. Thus, I encourage the government to fund and build a new University. We need to focus on LONG TERM.
Thanks
MC
