Return_of_Chippy@lemmy.world to Lemmy Shitpost@lemmy.world · 3 months agoWhy does China have so many multi billionaires if they are aiming to be a communist country?lemmy.worldimagemessage-square293linkfedilinkarrow-up1776arrow-down140
arrow-up1736arrow-down1imageWhy does China have so many multi billionaires if they are aiming to be a communist country?lemmy.worldReturn_of_Chippy@lemmy.world to Lemmy Shitpost@lemmy.world · 3 months agomessage-square293linkfedilink
minus-squareDearth@lemmy.worldlinkfedilinkarrow-up1·2 months agoBillionaires don’t escape taxes in China the way they do in the west. Poor people in China don’t pay any taxes at all. This is possible because the wealthy are taxed.
Billionaires don’t escape taxes in China the way they do in the west. Poor people in China don’t pay any taxes at all. This is possible because the wealthy are taxed.