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Income Gaps...GOOD OR BAD???
What if, instead of being a "bad" thing, an increasing income gap was a "good" thing? Wait a second, before you say I'm crazy, here me out. Then you can let me have it.|
First, you can read about America's ever-increasing income gap here: http://academic.udayton.edu/race ... America/china03.htm
Okay, almost everyone (except the poor in America) will admit that the "poor" in America aren't really all that poor. They are only "poor" in comparison with their richer neighbors.
Now, let's look at China. Take my city, Shen Zhen. To be "poor" in Shen Zhen is to be "rich" in many of China's other provinces, such as Henan or Fujian.
Where do you think that the greater "income gap" exists, in Shen Zhen or in those two provinces? Of course, the answer is Shen Zhen. (I'm talking about tthe gap within that area - within Shen Zhen, or within Henan - NOT between them.)
The point is, in a free market, a widening income gap is a sign of a healthy market. Not only that, but because "a rising tide lifts all boats", the "poor" of Shen Zhen are notably richer than the "poor" of Henan, et al. Here, I am not just referring to economic wealth, but also to "quality of life" issues, such as streets, education, heathcare, etc...
So, instead of trying to reduce the income gap, perhaps we should be celebrating it and trying to discover how Henan, Fujian and all the rest can begin increasing their own gaps.
To paraphrase Deng Xiao Ping "To be rich is glorious." And I know he also referred to that newly created wealth as being (leading) the way out of China's poverty. He really was a great visionary.