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How can China narrow the rich-poor gap?   [Copy link] 中文

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Post time 2016-1-14 14:11:20 |Display all floors
A recent report showed that income and wealth inequality is worsening in China. The top 1 percent of households own around one-third of China's wealth, while the bottom 25 percent of them have only 1 percent.

The report, released by a research institute at Peking University, shows that the inequality in income and assets between households in the country has been getting increasingly serious.

Over the past 30 years, the Gini coefficient has increased from 0.3 in the early 1980s to 0.45 in 2015. In 2012, the figure was 0.49—far higher than the warning line of 0.4.

The report is based on China Family Panel Studies (CFPS). CFPS covers 14,960 households in 160 regions and counties of 250 cities, and focuses on the situations, differences, causes and social mechanisms of livelihood issues.

Besides income and wealth inequality, the differences in educational opportunities and health care are also very obvious, according to the report.

These inequalities are growing steadily. If they cannot be effectively solved, they may very likely threaten social stability and thus become a bottleneck in future social development, the report says.

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Post time 2016-1-14 14:11:21 |Display all floors
This post was edited by robert237 at 2016-1-16 10:24

If you want free markets and capitalism this is what you get.

85 people have as much wealth as the lower 3,400,000,000 people in the world and most of these 85 live in the USA.

Capitalism is corruption proceduralized. The oligarchies of the west are made up of extremely small cartels.
China ought to consider putting the brakes on free markets before it's too late.
The communist party could easily tax the rich and use the money to benefit the people who do all the work.
Nobody needs more than $50 million USA (approx. 300,000,000 yuan) and to approach this level taxes would
approach 100%. Anything over that and the tax would be 100%.

The rich don't create wealth, they steal it. Working people create wealth.

What billionaire worked 20,000 times longer or harder for each of those billions than the average worker?

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Post time 2016-1-14 22:58:08 |Display all floors
W A R

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Post time 2016-1-15 09:42:32 |Display all floors
It's very simple, only need these billionaires give their money to the poor people.
In fact, it's impossible to narrow the gap in the era of market economy,in contrary,the gap would be more and more bigger.

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Post time 2016-1-15 10:14:45 |Display all floors
demand more tax from rich people, then use the wealth to build more public facility and offer more opportulities to poor.

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Post time 2016-1-15 11:44:55 |Display all floors
Remember: until 1976, there was only one person holding any sort of wealth while the whole rest of the nation lived in abject poverty.

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Post time 2016-1-15 11:48:06 |Display all floors
Actually the stats published above are not that alarming. If people get upset because some compatriots are doing much better than themselves, this can be ascribed to an unhealthy jealousy as much as it can be interpreted to mean that there is an unfair distribution of wealth.

Of course in Chinas case jealousy is driven by corruption that only benefits the haves.

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