Toro
Diamond Member
This line of reasoning is ridiculous.
First, rich people aren't going to move to China to avoid taxes. That's what offshore tax havens are for.
Second, China has seen an enormous increase in standards of living over the past three decades. To say that they are "near" slaves is preposterous, given that many factories that moved into China 20-30 years ago are now moving out to cheaper localities because wage gains in China have driven up the cost of business so much so that it is far more economical to do business in Vietnam or Bangladesh.
The rhetoric is bizarre.
First, rich people aren't going to move to China to avoid taxes. That's what offshore tax havens are for.
Second, China has seen an enormous increase in standards of living over the past three decades. To say that they are "near" slaves is preposterous, given that many factories that moved into China 20-30 years ago are now moving out to cheaper localities because wage gains in China have driven up the cost of business so much so that it is far more economical to do business in Vietnam or Bangladesh.
The rhetoric is bizarre.