Ray From Cleveland
Diamond Member
- Aug 16, 2015
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Hong Kong CNN Business —
Chinese President Xi Jinping this week issued a bold new pledge to redistribute wealth in the country, piling more pressure on the country’s richest citizens and businesses.
Xi told top leaders from the ruling Chinese Communist Party on Tuesday that the government must establish a system to redistribute wealth in the interest of “social fairness,” according to a summary of the speech published by Xinhua, the official state news agency. He said it was “necessary” to “reasonably regulate excessively high incomes, and encourage high-income people and enterprises to return more to society.”
The Xinhua article did not include many details about how Xi hoped to accomplish this goal, but did suggest that the government could consider taxation or other ways of redistributing income and wealth.
Xi even invoked the need for “common prosperity” among the Chinese people as critical for the Party to maintain power, and transform the country into a “fully developed, rich and powerful” nation by 2049, the 100th anniversary of the existence of the People’s Republic of China.
“Common prosperity is the prosperity of all the people,” Xi said during the leadership’s economic meeting, which is hosted every few months to determine policy. “Not the prosperity of a few people.”
President Xi Jinping turns his fire on China's rich in push to redistribute wealth
If you took Xi out of the article and replaced it with your favorite Democrat (Biden, Piglosi, Waters) you wouldn't know the article is about Communists in China. Anybody here would swear this was a statement from the Democrat party, and their loyal puppets would support it.
When people find it offensive when I call the Democrats Communist, you better let this sink in.
Chinese President Xi Jinping this week issued a bold new pledge to redistribute wealth in the country, piling more pressure on the country’s richest citizens and businesses.
Xi told top leaders from the ruling Chinese Communist Party on Tuesday that the government must establish a system to redistribute wealth in the interest of “social fairness,” according to a summary of the speech published by Xinhua, the official state news agency. He said it was “necessary” to “reasonably regulate excessively high incomes, and encourage high-income people and enterprises to return more to society.”
The Xinhua article did not include many details about how Xi hoped to accomplish this goal, but did suggest that the government could consider taxation or other ways of redistributing income and wealth.
Xi even invoked the need for “common prosperity” among the Chinese people as critical for the Party to maintain power, and transform the country into a “fully developed, rich and powerful” nation by 2049, the 100th anniversary of the existence of the People’s Republic of China.
“Common prosperity is the prosperity of all the people,” Xi said during the leadership’s economic meeting, which is hosted every few months to determine policy. “Not the prosperity of a few people.”
President Xi Jinping turns his fire on China's rich in push to redistribute wealth
If you took Xi out of the article and replaced it with your favorite Democrat (Biden, Piglosi, Waters) you wouldn't know the article is about Communists in China. Anybody here would swear this was a statement from the Democrat party, and their loyal puppets would support it.
When people find it offensive when I call the Democrats Communist, you better let this sink in.