Billionaires in China are being threatened

San Francisco CA

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NEWS: Communist China has relentlessly pursued economic growth for decades, creating more billionaires than the United States. They've lifted 800 million people out of poverty, but have left another 600 million to live on $150 a month. (you want to talk about WAGE GAP?) Communist solution: Now, President Xi Jinping is planning to restructure Chinese society by cracking down on the country's super-rich and redistributing wealth. The plan is to "regulate excessively high incomes" and "encourage high-income people and enterprises to return more to society,". According to the Chinese Communist Party state-run news agency. While his slogan of "common prosperity" was hardly new among Chinese leaders, Xi's speech last month was the starkest example of his apparent plan for a reshaped society. Some experts believe that, for the party, there is a self-preservation rationale behind the goal of better income equality. For years the Communist Party has staked its legitimacy on growth that has outpaced that of any other major economy. Now that the growth is slowing, the Communists feel they have to offer a new promise: "Equality" Funny, but "Equality" is what Democrats run on all the time.....