China calls for curbs on "excessive" income and for the wealthy to give back more ...

**David48atTD** · 19-08-2021, 04:14 AM

Key Points

Chinese President Xi Jinping led a meeting Tuesday that emphasized how the country would focus on moderate wealth for all, rather than just a few, state media said.
Planned measures included curbs on “excessive” incomes and encouraging the wealthy to give back more to society.
In his first public chairing of a meeting since late July, Xi also called for preventing major financial risks.

BEIJING — Chinese President Xi Jinping emphasized at a finance and economic meeting Tuesday the need to support moderate wealth for all — or the idea of “common prosperity,” which analysts have said is behind the latest regulatory crackdown on tech companies.

Significantly, the meeting was the first Xi led publicly since a two-week quiet period. Chinese leaders typically spend early August in secret political discussions at a resort in Beidaihe, about a three hours’ drive east of Beijing.

The meeting called for the “reasonable adjustment of excessive incomes and encouraging high income groups and businesses to return more to society,” state media said in Chinese, according to a CNBC translation.

China'''s Xi emphasizes '''common prosperity''' at finance economy meeting

**harrybarracuda** · 19-08-2021, 11:45 AM

Translation: Don't flaunt your wealth, the stupid proletariat might notice.

**sabang** · 19-08-2021, 12:39 PM

Still- I would rather be arguing about the distribution of wealth, than the lack of it.

**Klondyke** · 19-08-2021, 12:40 PM

How outrageous that they do not let the billionaires keep their zillions for their hard work...

And who will buy now the yachts, learjets and the mansions? They do not let them fly to Moon?

And cannot make their 60yo birthday parties on an island for fellow billionaires?

**Norton** · 19-08-2021, 01:27 PM

Wonder what the good President's real moderate net worth is? Can't be much on $22k per year salary.

**Klondyke** · 19-08-2021, 01:34 PM

^Why do you care? Do you care also about the net wealth of your presidents and all the honorable people around?

The Chinese wealth has no impact on American people, unlike the health of own leaders...

**VocalNeal** · 19-08-2021, 01:44 PM

Too late . A lot of it is in Vancouver real estate?

**Little Chuchok** · 19-08-2021, 05:17 PM

Originally Posted by harrybarracuda

Translation: Don't flaunt your wealth, the stupid proletariat might notice.

Telling a rich Chinese person from China not to flaunt their wealth is like telling water not to be wet.

**harrybarracuda** · 19-08-2021, 08:50 PM

Originally Posted by Little Chuchok

Telling a rich Chinese person from China not to flaunt their wealth is like telling water not to be wet.

I think it's called overcompensating.

**sabang** · 19-08-2021, 08:55 PM

How come trump got the Wuhan flu, but Xi didn't?

**lom** · 19-08-2021, 09:32 PM

Originally Posted by sabang

How come trump got the Wuhan flu, but Xi didn't?

Why would they want to spread it to their own leadership?

**Cujo** · 19-08-2021, 09:58 PM

The old Chinese proverb "the stalk of rice with the most grains bows lowest" seems to have been forgotten.

**Cujo** · 19-08-2021, 10:02 PM

Originally Posted by sabang

How come trump got the Wuhan flu, but Xi didn't?

Are you seriously asking?
Because Trumps an idiot and Xi's not.
I once heard Trump described by a very respected individual (many people say) as the stupidest person I've met.

That said, conspicious wealth is on open display in China.

**havnfun** · 19-08-2021, 11:09 PM

Originally Posted by Cujo

stupidest person I've met

"Hunter is the smartest man I know" Maybe he was put in charge of the Afghanistan withdrawal.

**harrybarracuda** · 19-08-2021, 11:14 PM

Originally Posted by Cujo

Are you seriously asking?
Because Trumps an idiot and Xi's not.
I once heard Trump described by a very respected individual (many people say) as the stupidest person I've met.

That said, conspicious wealth is on open display in China.

Rex Tillerson: "Trump is a fucking moron."
H.R. McMaster: “Trump is an idiot [with the intelligence of] a kindergartener.”
John Kelly: "Trump is a fucking idiot."

**Klondyke** · 20-08-2021, 11:26 AM

^Any known quotes about some other guy(s)? (please no names here...)

**aging one** · 20-08-2021, 12:07 PM

Originally Posted by Klondyke

^Any known quotes about some other guy(s)? (please no names here...)

Okay, the poster who wrote this quote is also an idiot. *no names were used*.

**Klondyke** · 20-08-2021, 12:24 PM

Originally Posted by harrybarracuda

Rex Tillerson: "Trump is a fucking moron."
H.R. McMaster: “Trump is an idiot [with the intelligence of] a kindergartener.”
John Kelly: "Trump is a fucking idiot."

Not to mention the fact that he cannot find the way from heli to WH...

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