Posted on 05/15/2021 7:24:41 PM PDT by SeekAndFind
On April 15, 2021, in testimony (pdf) before the U.S.-China Economic and Security Review Commission Hearing on “An Assessment of the CCP’s (Chinese Communist Party) Economic Ambitions, Plans, and Metrics of Success,” Miles Yu, the former China policy adviser to former Secretary of State Mike Pompeo, spoke about the Chinese economy and the CCP’s strict control over financial resources, which ultimately endangers successful entrepreneurs.
“In the past 15 years alone, no fewer than 27 Chinese billionaires have been arrested—the charges range from the bizarre to the absurd,” Yu said.
Indeed, Sun Dawu, a well-known private entrepreneur in Hebei Province, is the latest billionaire to be arrested by the CCP.
(Excerpt) Read more at theepochtimes.com ...
Anybody seen Jack Ma lately?
RE: Anybody seen Jack Ma lately?
This has been my question since March this year.
I know of some American billionaires that should be in jail for rigging an election.
I’m not sure if the US could do anything more harmful to the future ambitions of the CCP than what what they are doing to themselves. Punishing the successful? Communists, whether US or Chinese are morons.
To summarize, if you’re dumb enough to try to get rich in a Communist Country, be ready to deal with the fact that your country is, well, Communist. The implications are as follows:
1) If you criticize the government, you’re marked.
2) If you become popular you become a threat to the government, regardless of how much you may support them.
3) If you become rich enough, they’ll simply come and take what you have, should they have a budget deficit...or just want some spending money.
So typi8cally not such a great idea to try very hard in those countries.
If you become a billionaire, you'll just become marked by the government. That'll be stupid.
Solution, if you make more than enough money, get the hell out of there and take the money with you. If they limit the amount of money you can take out, use crypto currencies ( many Chinese are doing it ).
Thought Jack surfaced in April.
A lot of Chinese rich are pouring money into crypto and US real estate
The CCP’s official policy towards homegrown millionaires and other successful business men/companies is “You make it, we take it”.
The CCP treats the billionaires just like they treat the Falun Gong and the Hong Kong democracy movement - potential threats to the total supremacy of the CCP.
Crypto currencies can bypass communist governments?
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