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shadilay | 4 years ago

'Common Prosperity' seems to mean that there are too many rich people in China that are giving too little money to the central government as their wealth usurps the power of the CCP.

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jimmygrapes|4 years ago

Yeah, Tax the Rich. This essay could have come from any given Twitter "intelligentsia" in America today with only a select few terms changed.

m0zg|4 years ago

"Tax the rich" in the US is just a slogan. In 20+ years I've been in the US I've yet to see it actually yield anything concrete. Taxes on the middle class have grown substantially in the meanwhile (health insurance is 3x what it was 20 years ago, and it is a tax in all but name, real estate taxes are 4-5x, and you now pay local sales taxes on interstate online purchases, too).

shadilay|4 years ago

It's more nuanced than that. In America calls for raising taxes are usually in the name of some public good, eg infrastructure. How true that is is up to personal interpretation. In China it's purely about power, namely removing any semblance of power held by non government entities.