I don’t feel that it’s necessary to have billionaires. I know that China’s strategy of leveraging markets for lesser developed industry works, and the byproduct of this is the temporary existence of billionaires. I also know that this process leads to socialization of production, which leads to the CPC collectivizing these industries gradually. An arbitrary level of taxation will not accelerate this process. The CPC already taxes their capitalists heavily, increasing the taxation quantitatively is not necessarily a bad thing but certainly does not qualitatively change this process of constructing socialism.
Do you have a reason for picking 1 billion USD/RMB/Francs/etc. as a wealth cap beyond vibes? China already taxes them, and I wouldn’t oppose them deciding to increase taxation. I also know that at the rate they are going, the very existence of capitalists and therefore billionaires is being eroded. What would changing the taxation rate do to qualitatively transform China into a country you would be satisfied with?
You’ve dodged most of my questions, I answered the important aspects of your question. Taxing capitalists at a higher rate would not qualitatively transform China’s economy. Do you have a reason for picking 1 billion USD/RMB/Francs/etc. as a wealth cap beyond vibes?Why is the taxation rate in China insufficient?"
You can convert the amount to RMB if that makes it easier to answer. You can even take 1/5th out of it too to make it a different amount. I’d just like to hear the answer to that question, since it is sorta important in understand your point
I already said I would not oppose China changing the taxation rate. I’m asking why you are fixating on an arbitrary level of wealth, and are now abandoning that goalpost in favor of the blanket point “China needs to tax at higher rates.” Do you know what China’s tax rates are? If they raised the tax rates 10%, is that enough to satisfy you? How would you know without knowing China’s tax rates?
My point is that your issues with China are arbitrary and constantly shifting.
Why do you feel it’s necessary to have billionaires? Not even any wealth level below that but billionaires specifically?
I don’t feel that it’s necessary to have billionaires. I know that China’s strategy of leveraging markets for lesser developed industry works, and the byproduct of this is the temporary existence of billionaires. I also know that this process leads to socialization of production, which leads to the CPC collectivizing these industries gradually. An arbitrary level of taxation will not accelerate this process. The CPC already taxes their capitalists heavily, increasing the taxation quantitatively is not necessarily a bad thing but certainly does not qualitatively change this process of constructing socialism.
Do you know if this strategy could work without billionaires?
Do you have a reason for picking 1 billion USD/RMB/Francs/etc. as a wealth cap beyond vibes? China already taxes them, and I wouldn’t oppose them deciding to increase taxation. I also know that at the rate they are going, the very existence of capitalists and therefore billionaires is being eroded. What would changing the taxation rate do to qualitatively transform China into a country you would be satisfied with?
I’m sorry but you didn’t answer my question
You’ve dodged most of my questions, I answered the important aspects of your question. Taxing capitalists at a higher rate would not qualitatively transform China’s economy. Do you have a reason for picking 1 billion USD/RMB/Francs/etc. as a wealth cap beyond vibes? Why is the taxation rate in China insufficient?"
You can convert the amount to RMB if that makes it easier to answer. You can even take 1/5th out of it too to make it a different amount. I’d just like to hear the answer to that question, since it is sorta important in understand your point
I already said I would not oppose China changing the taxation rate. I’m asking why you are fixating on an arbitrary level of wealth, and are now abandoning that goalpost in favor of the blanket point “China needs to tax at higher rates.” Do you know what China’s tax rates are? If they raised the tax rates 10%, is that enough to satisfy you? How would you know without knowing China’s tax rates?
My point is that your issues with China are arbitrary and constantly shifting.
You’re not going to answer my question, are you?