Posted on 08/26/2021 6:47:13 PM PDT by dynachrome
China's drive for "common prosperity", as President Xi Jinping aims to ease inequality in the world's second-largest economy, does not mean "killing the rich to help the poor", an official from the ruling Communist Party said on Thursday.
China must also "guard against falling into the trap of welfarism", Han Wenxiu, an official at the central financial and economic affairs commission, told a briefing in Beijing.
Those who "get rich first" should help those behind, but hard work should be encouraged, he said.
"We cannot wait for help, rely on others for help, or beg for help. We cannot support layabouts."
Investors have been rattled by a series of measures, including a crackdown on several industries, that are in part aimed at curbing cost-of-living pressures, as well as tightening anti-monopoly rules and data protections
(Excerpt) Read more at reuters.com ...
Hilarious mixed messages—sounds like if you are gonna be rich, it would be wise to get your money out of China—just in case.
Next Stop: The Killing Fields
The Democrat Party needs to re-educate this guy. He sounds like a white supremacist insurrectionist deplorable libertarian.
Course not
They want to make the rich, poor
Like all good commies
It’s eat the rich.
Of course not. This time around the rich are politically connected.
Real Socialism (Collectivism) demands All to work and contribute. Black Markets thrive under these command and control economies.
“... does not mean “killing the rich to help the poor”
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Just ask the dozens and dozens of wealthy CEOs who ran afoul of the CCP’s drive to halt any sort of competition ... oh wait ... most of them are dead. Maybe someone can get the body parts of Horse Cloud to say different, but I doubt it.
50% for the big guy. Xi.
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95%
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