Tuesday, December 5, 2017

More on wealth gap

* The wealth gap is many times worse than the US. Ours is too good and discourages folks to work. We have a strong safety net and welfare system. In China, if you do not work, you do not eat.

That's why so many migrants to big cities and create many social and economical problems. It is not a long term solution to me.


* One myth is many still think China is very backward. If it is that backward, Starbucks with its products targeting to middle class would not expand in China.

* We have wealth gap on day one of civilization when one gets more coconuts than the others with a younger and stronger body. But, the level of seriousness is my discussion.

Turning from a communist society where there is less wealth gap,
China turns into a highly capitalist country and creates the huge wealth gap. As Uncle Deng said, when we open the window, we have to let the flies in too.

My point is nothing is perfect. We have to reduce the gap in a meaningful and effective way and not to over do it.

* There always exists a privileged class in any society. There is NO obstacle to prevent someone in the US to succeed if they work hard - I'm a living example as I pay more taxes than the average citizen.

No comments:

Post a Comment