10mo ago

China piles pressure on rich people and companies to cough up taxes — Financial Times

www.ft.com

China piles pressure on rich people and companies to cough up taxes

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13 comments

Love how hard they're trying to portray this as a bad thing lmao
- This bit is hilarious, like what China couldn't issue currency the way the US does if they really wanted to?
  “China’s fiscal deficits have reached a tipping point,” said Gary Ng, a senior economist at Natixis. “There is more urgency to find alternative revenue sources . . . and taxing the wealthy and some companies creates a less direct economic impact on most residents.”
The US is run by the capitalist class, and from their point of view China is “authoritarian,” because the Chinese state isn’t allowing the capitalist class to run China.
That’s what Western governments and Western corporate media really mean by “authoritarian” & “totalitarian” governments: that Western capitalist neocolonization is being stymied by those governments.
- If the government is in control of anything, capitalists will claim authoritarianism. This is the way.
  
  If the government is in control of anything, capitalists will claim authoritarianism.
  It's more like international capital wants unfetter access to resources and labour power in China. A country doing economic or resource nationalism is the problem, not the government doing stuff. All western governments are heavily interventionists in their economies, but they do it mainly for the capitalists and especially the international capitalists, what they do for the people is for keeping social stability so that they may keep their position.
Not very freedomy or very cash money democracy of them 😠
- cash money democracy
  Fucking LOL
But at what cost 😢
- Rich people. The cost is rich people.
I can only read the headline but that sound to me like a very good thing though.
It's the Financial Times. Taxes are a cancer for them.
- When it's directed at capitalists and corporations at least
"It is deeply concerning that China is trying to make the rich pay their fair share in taxes" -- western media, probably

13 comments