China is steadily leaving the capitalist phase of communism behind. In the coming years more and more business
activities will be handed off to computers which do not have egos to be stroked by bloated pay checks.
In the mean time the pay for those who make far more than the people who do the real work will be lowered.
If only the USA had the guts to do this.
But in the USA the rich own the nation so this is not possible.

Computers are far superior with handling numbers and details which drive the logistics of any economy.
Humans must be phased out of such important positions. They really have no place there in the future.
The USA economy is in decline and deeply in debt due to their massive welfare for the rich programs started
in the 1980s. During the best days of the USA the tax rates on the most wealty were up to 90% and even
higher in certain cases. Since the welfare for the rich began in the 1980s the USA has been in steady decline
despite all the technological advancements which should have rewarded the people who do the real work.
Instead, all the cream from these advancements were systematically skimmed off the top by people who
already had more money than they deserved. The USA is now paying the price. It is losing its place as the
leading economic power as it should.

China is not leading the way and showing the world that socialism is the future.

What will the next step be in China's rise to the #1 world super power?
In my opinion it will be a progressive tax system where the very richest are taxed as they were
during the most dynamic times in the USA.
Any nation that wants to progress cannot afford to support super rich parasites.
Nobody should have a net worth over $50,000,000 USD no matter what.
No person with one billion dollars worked 20,000 times longer or harder than the average person.
No person with 50 billion dollars worked 1,000,000 times longer or harder than the average person.
Will the nations of the west leave the dark ages behind and adopt socialism before they become third
world nations? Who knows. Maybe they need to hit bottom before they are ready for help.

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China´s Public CEOS Receive Pay Cut

Chinese president Xi Jinping approved a reform to reduce senior executive pay in state owned enterprises by
up to a 50 percent.

Chinese executives at major stated owned enterprises will receive a pay cut the South China Morning Post
reported on Thursday.The cuts will be made to narrow the gap between executive salaries and regular employees.

The reforms come as a result of public criticism that the executives were recieving pay checks and privileges akin
to those of their western counterparts, and earning significantly more than their fellow employees. The executives
have also been criticized for an alleged lack of efficiency and transparency.

China must improve income distribution in state companies and ensure executives are not over paid, among other
things, President Xi Jinping was quoted by Xinhua as saying.

The reform will affect executives of state companies controlled both by national authorities and by provincial
governments. Also, the job responsibilities of government appointed executives will be amended gradually.
Some will join the board of directors, while newly recruited senior managers with salaries in line with
international standards, will handle day-to-day operations.
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