Showing posts with label Macau. Show all posts
Showing posts with label Macau. Show all posts

Jan 6, 2017

Macau. Land of citizen dividends. 2017 Wealth Partaking.

The Government of Macau has announced that,
"In 2017 the government will once again offer the Wealth Partaking Scheme to permanent residents at Pte9,000 and to non-permanent residents at Pte5,400." (Pte9,000 = US$1,126)
This unconditional universal payment is on top of a long list of welfare benefits.

Macau has been distributing wealth to residents for many years.

Jul 20, 2016

In order to share the fruits of economic development with general public . . .

4 July 2016 
Wealth Partaking Scheme 2016 
In order to share the fruits of economic development with general public, the Macau SAR government has announced the “Wealth Partaking Scheme 2016”, under which, local permanent residents are entitled to receiving 9,000 patacas and non-permanent residents 5,400 patacas. With the Administrative Regulation No.17/2016 gazetted, the scheme comes into effect on 14 June 2016, and its implementation will officially start in early July.

Macau is sharing its wealth with all its residents, regardless of employment status or wealth. It has been doing this annually for almost a decade. 9,000 patacas convert to about US$1,125.

Macau is a good example of a citizen ownership democracy. Every resident gets a direct share of the country's wealth.

Citizens of other places on Earth, where is your direct share of your country's wealth?

Feb 26, 2016

Universal cash distributions are "adopted by politicians who place self-interest above the public interest."

A Comparative Analysis of the Cash Handout Policy of Hong Kong and Macau Bruce Kam Kwan KWONG, Journal of Current Chinese Affairs

The above article has this very eye-widening conclusion: universal cash distributions are "adopted by politicians who place self-interest above the public interest."

What? If that is so, the world needs more such politicians who place self-interest above the public interest.

Jul 15, 2014

Another summer of cash distributions in Macau (more than US$1000)


Over the next few months from July to September 2014, the people in Macau are going to get cash from their government. Macau has been doing this consistently for a number of years. The people are getting more than what the Alaskans get from their Alaska Permanent Fund Dividend. The Alaskans need to get more oil revenue into their Alaska Permanent Fund.

1 July 2014 
Wealth Partaking Scheme 2014 

In order to share the fruits of economic development with the general public, the Macao SAR government had announced the“Wealth Partaking Scheme 2014”, under which, local permanent residents would receive 9,000 patacas, whereas non-permanent residents 5,400 patacas. With the Administrative Regulation No.11/2014 gazetted, the scheme came into effect on 27 May 2014, and its implementation will officially start in July.
(1000 patacas = US$125)

Dec 5, 2013

Macau, the land of citizen dividends (2014 Wealth Partaking Scheme)

Macau Chief Executive
The Macau government has promised another great year of wealth partaking, i.e., wealth sharing, with its residents. (2014 Wealth Partaking Scheme (pdf), Fiscal Year 2014 of the Macao Special Administrative Region, or here)

Macau is distributing 9,000 patacas to every permanent resident and 5,400 patacas to non-permanent residents.

One patacas is about one Hong Kong dollar. 9000 patacas is more than US $1,120.

Macau even gives old age allowance (7,000 patacas a year) and pension (3,000 patacas a month). In total, the elderly in Macau gets 5,166 patacas a month. That's US$650 a month.

And a long list of other wealth distributions.

Citizens of other countries should question why their governments are not doing the same.

Singaporeans should ask the same question.

Jul 31, 2013

Macau Residents getting their "resident dividend" of US$1000 this month

Wealth Partaking Scheme 2013 
"In order to share the fruits of economic development with the general public, the Macao SAR government had announced the“Wealth Partaking Scheme 2013”, under which, local permanent residents would receive 8,000 patacas, whereas non-permanent residents 4,800 patacas. With the Administrative Regulation No.11/2013 gazetted, the scheme came into effect on 14 May 2013, and its implementation will officially start in July. "
Wealth Partaking Scheme begins payments this month (Macaudailytimes.com.mo)

8,000 patacas is worth US$1001.50. Macau residents regardless of age get this amount.

This is the envy of Singaporeans, who received GST vouchers worth much less than this value. With an equivalent amount, every Singaporean family of 4 would have received US$4006. Wow.

This is the envy of citizens from every country. 

Even Alaskans who have been receiving their resident dividends for many years. Alaskans got only US$878 last year.

Jul 2, 2013

Macau. Workers protest one-sided democracy

Workers protest pro-establishment association’s monopoly over minimum wage debate
28/06/2013 08:35:00 Grace Yu
“The government only assigns those from the pro-establishment camp to consultative bodies such as the Standing Committee for Coordination of Social Affairs. This is unfair. How can one group represent all workers?” Lei questioned.

Jun 29, 2013

Singaporeans getting GST voucher rebate

Singapore is distributing a tiny part of its wealth to citizens.

Two Million Singaporeans to Receive Notification Letters on Budget 2013 Benefits in July 2013. The estimated amount is S$1.2 billion. The amount each Singaporean gets depends on a host of factors, such as age, income, type of housing, etc.
What is the GST Voucher? 
The GST Voucher is meant to help lower- and middle-income households with their expenses, in particular, what they pay in GST. The GST Voucher will be given in three components − Cash, Medisave and U-Save.
On average, the GST Voucher will help lower-income families offset about half of the GST they pay each year.
The benefits include:
i) GST Voucher (GSTV) – this comprises the GSTV – Cash, GSTV – Medisave and GSTV- U-Save;
ii) GSTV Special Payment – a one-off extra payment of GSTV;
iii) $200 top-up to the CPF Medisave Accounts of all Singaporeans aged 45 and above.
The cash given is meant to benefit individuals and households.
"In a statement, the Finance Ministry (MOF) said these benefits will provide direct assistance to Singaporeans and their households to help them cope with increases in the cost of living." Channelnewsasia
With a citizen population of about 3.5 million, the benefit per citizen is less than $350.

Macau has also been distributing its wealth to residents, through its wealth partaking schemes. Last year, each Macau resident gets more than S$1300. There is no means testing or occupational testing. The same amount is given to everyone, with a slight difference between permanent residents and non-permanent residents.

In comparison, Singapore citizens get about one quarter the cash benefits compared to Macau residents.

What do Singaporeans think?
'A netizen posted this somewhere on the net: This must be the kindest government in the world.
Check out these huge benefits. (Yahoo Finance)
GST Voucher 2013 // Check Your Eligibility! If you’re not eligible, you will get to see this: You are currently not eligible for the GST Voucher – Cash and/or Medisave in 2013.
Whole household 5 person only $100. Each person 20 dollars 
A haunting comment from the past: "Sure you can give the goodies or offsets but why break a man’s legs and then give him crutches to wobble on?" (Askmelah.com)
Does this picture summarize the GST voucher exercise?
A picture from Demon-cratic Singapore


P.S. Singapore has enough wealth to distribute $9,000 to every citizen every year.

Jan 20, 2013

Macau: Yearly Cash for Residents.

The people in Macau have been receiving yearly cash distribution from their government.

A yearly unconditional distribution of a country's wealth is getting closer to a citizen-ownership democracy or a basic income.

Macau Wealth Partaking Scheme

"Holders of valid or renewable Macau SAR Resident Identity Card on  31
December 2011  are entitled to receive the cash premium. Every Macau SAR 
Permanent and Non-Permanent Resident Identity Cardholders will be granted 
7,000.00 patacas and 4,200.00 patacas respectively."

One pataca is about one HK dollar.

Majority wants cash handout to continue: survey Oct 2012


"The majority of the Macau population wants the government to continue the cash handout scheme in 2013.

According to the findings of a survey released yesterday by the New Vision of Macau Association, 91.6 percent of the interviewees are in favour of the government continuing the policy."



Macau govt to distribute MOP8,000 to every permanent resident Nov 2012

"Fernando Chui, Chief Executive of Macau, delivered his latest policy address at the legislative council this afternoon. He announced that that Macau residents can continue to enjoy many a relief measure next year, including cash distribution of MOP8,000 and healthcare voucher of MOP600 for every permanent resident, injection of MOP6,000 to central savings account, cash distribution of MOP4,800 for every non-permanent resident, and an MOP3,000 increase in social security old age allowance for permanent residents aged over 65. Other measures include granting MOP200 for each household as electricity tariff allowance."

Most respondents were most satisfied with the government’s “wealth-sharing” cash handout scheme.
Is Macau a citizenship-ownership democracy? Since the cash distribution is not directly linked to citizen ownership of common wealth, it is not really a citizen-ownership democracy. But the idea is there. Common wealth is being distributed to residents of Macau, year after year.

Oct 6, 2012

Lee Hsien Loong and Citizen-ownership Democracy.

Before the general election in May 2011, Lee Hsien Loong told voters, "Singapore belongs to you." This is reported by Channelnewsasia. (Here is another link from asiaone.)

Abraham Lincoln also said that the United States belong to their people, in his Inaugural address in 1862:

     "This country, with its institutions, belongs to the people who inhabit it."

It took the Americans more than 100 years since Lincoln's speech before one state, Alaska, implements true ownership. Residents in Alaska have been getting annual income from being owners of Alaska.

Do Singaporeans have to wait 100 years before they can get annual incomes from being owners of Singapore?

There is hope. There is a world-wide movement for citizen right to a basic income just for being citizens in their countries. Brazil is doing it. Switzerland is doing it. Canada is doing it. Germany Merkel is talking it.  Macau is doing it. Mongolia is doing it. Alaska has already done it.

Even Singapore's neighbor Malaysia is doing it.