Call for Great Reset--act NOW!

The Occupy Wall Street movement had been started for half a year and it had gained wide support from the people all over the world.

However, the police forces has cleared out the venues in recent weeks. These operations has made the masses disappointed.

Looking back to Hong Kong SAR, the economy system are dominated by conglomerates, developers and financial institutions.
Financial sectors, property rents and business services take a large proportion of economy.
The low direct tax system in Hong Kong SAR merits to rich people, and flat corporate tax at 16.5% make major enterprises to
accumulate wealth easily, but lead to large burden to small businesses.
Many people are dissatisfied with widespread corporate greed and low income, and they find that they are unable to improve livelihood by any means.

In addition, there are several social uncertainties and risks like confidence crisis of the government, distorted representations

Recently, a lot of exposes revealed that the background of potential Chief Executive candidates arose a lot of queries
among Hong Kong people. We also feared that they will protect the interest of conglomerates, or even adopts repressive
measures, which poses a threat to our civil liberty.

We, like the most of the public, are discontented with economic inequality and civil rights deprivation, thus we need a GREAT RESET!

So, we provide a platform to voice your view, to fight for FAIR society--this is

Occupation Movement 2.0 Hong Kong-call for Great Reset

If you are fed up with such reality, please take action NOW!

We want and long for:

Freedom and liberty

Direct and participatory democracy, including REAL consultation in economic strategy and city planning

Expansion of authority of District Council, like management of municipal facilities

Universal suffrage with low threshold, i.e. nomination by 1.5% of voters for Chief Executive

Total Legislative Council members reduced to 56 in 2016, and 45 in 2020, by scrapping Functional Constituency

Tax reform, including:

increase of marginal tax rate of persons with >$1million annual income;
progressive profit tax, increase tax rate of enterprises with >$60million annual income;
reduce tax rate of small businesses, cultural and technology industries to 10%

Regulation of property market

Increase residential flat supply to 85000 flats and 5 million m2 per year, including 40000 rental public housing flats

Impose rent control based on 2009 rent level

Consolidate Home Ownership Scheme, rent or buy option, re-location of Urban Renewal plans to Economy Housing

Establish regional housing association, to provide economy housing and affordable flats for local residents

Impose Scheme of Control mechanism to limit house prices

Reformation of Mandatory Provident Fund, including:

allowing employees to select operators freely and provide more types of funds;
reducing annual management fee to 0.5% to 1%;
detailed disclosure to risks and investment instruments included;
5% minimum requirement to invest in PHYSICAL GOLD

Banking and finance

Set up postal saving and micro-loans to small businesses and social enterprises

regulate service charges by banks

stop charges to low balance accounts

Reform Hong Kong dollar exchange rate regime, to shift from USD peg to Exchange Rate Trade Weighted Index(1) crawl peg,
than gradually shift to managed float, in order to control price inflation.

Economy and livelihood

Increase minimum wage(2) and set up standard working hours at 2400 hours annually

enforce collective agreement between labour unions and commercial chambers

draft policies to diversify economy and develop high technology manufacturing sector

Set up policies to encourage competition

recognize legal status of parallel import

de-regulation of bus service and oil supply

reclaim land to build de-salination plant, liquefied natural gas terminal and high technology industrial estate at highly discounted rent(3)

Tariff control

Impose Scheme of Control agreement on town gas and railway based on operation income;

Extend monthly passes of railway on zone basis;

Reduce permitted profit level of electricity companies to prevent further increase of tariff;

Require electricity companies to utilize excess profits to invest in renewable energy

Explanation
1. Initial Exchange Rate Trade Weighted Index composition includes 70% USD and 30% of USD prices of major commodities,
including coal, petroleum, natural gas, copper, steel, rice, wheat, etc. The composition of ETWI can be changed to 50% USD,
20% currencies of major trading partners and 30% of USD prices of commodities about 2 years later.
Afterwards, USD component in ETWI can be reduced to 35%.

2. Minimum wage should be increased to HKD8800 per month or HKD42 per hour, and HKD30 for first 600 hours of employment,
no later than 1 October 2012. The minimum wage level should further increase to HKD10000 per month by 2014.

3. The proposed reclamation sites are located south off Lamma Island and south off Cheung Chau, with areas of 2km2 and 6km2 respectively.
The proposed land rent of the industrial estates is HKD8000 per square metre for 30 years.

The original text was distributed on 23 March 2013, 9:06pm.