Chinese Economics Thread


gadgetcool5

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Property tax on 2nd homes, investment homes, & empty homes used for speculation or kept unused. Property tax on primary homes for the very wealthy. It should not apply to middle class people with a primary flat who cannot retire if they have to pay tax. The purpose of this is to reduce waste in society, and further to reduce inequality. Xi Jinping is correct on this entirely.

That being said, the pushback against Xi is proof that China is not just a one man dictatorship and that other people's opinions matter as well. That is a good thing. Furthermore, more should be done to stimulate the economy. With power shortages, regulations, trade wars, covid lockdowns, supply chain issues, etc. it's just too many stressors all at once. China should aim for higher than 4.9% growth, ideally at least 6%.
 
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drowingfish

Junior Member
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I always call out Western propaganda but I fear that the above quote is true. There are too many entrenched interests and groups which would resist against property taxes

I mean, lets be real, who would be courageous enough to agree on setting up a new tax which would seriously affect them?

Just say the real reason:




At least, Xi has won this round even if he had to compromise. Maybe by next year, things would change for the better
there are indeed a lot of push back. I fear that the debate surrounding property tax might settle with some leading dissenters getting the boot. now that Xi himself has gone on record to support going forward with the tax, something will have to give.

I guess one way to do it would be to just keep expanding the number of trial cities until enough of them are on board.
 

Overbom

Senior Member
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Property tax on 2nd homes, investment homes, & empty homes used for speculation or kept unused. Property tax on primary homes for the very wealthy. It should not apply to middle class people with a primary flat who cannot retire if they have to pay tax. The purpose of this is to reduce waste in society, and further to reduce inequality. Xi Jinping is correct on this entirely.
I agree with all of the above. I would also add inheritance taxes. Ofc these will be structured in such a way so they dont target the common people.


Furthermore, more should be done to stimulate the economy. With power shortages, regulations, trade wars, covid lockdowns, supply chain issues, etc. it's just too many stressors all at once. China should aim for higher than 4.9% growth, ideally at least 6%.
The growth is "low" because there is a structural shift in the economy. Now, how long would that last, is unknown. IMO if its max 1 year then thats ok, if more than 2 years, then there would be a problem.

So in order to counter this, more economic reforms should be done in order to stop some of the gdp losses during this transitional period.
 

OppositeDay

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Fearful anglos inhale copium over not being able to corrupt China's youth into becoming spiritual husks and slaves to white anglo supremacism:
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Wang Huning's neoconservatism is fundamentally anti-Marxist and I much prefer Overseer Ma's take: family as a basic social unit is simply a product of the Industrial Revolution and it will fade away as means of production advance just like the old clan structure faded away as a result of the Industrial Revolution. There is nothing natural or fundamental about families.

The correct path forward is not trying to hold onto social arrangements of the past but to embrace social changes bought on by new means of production. In particular childcaring and education should be socialized. Reproduction too. Spend a few hundred billion dollars on researching artificial wombs. That's the way to halt population decline. China is a socialist country, so embrace a socialist future where the society will take care of the whole process from reproduction to education. People of the future will not have mother or father, they will only have the motherland, which will be perfectly fine.
 

hashtagpls

Senior Member
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Wang Huning's neoconservatism is fundamentally anti-Marxist and I much prefer Overseer Ma's take: family as a basic social unit is simply a product of the Industrial Revolution and it will fade away as means of production advance just like the old clan structure faded away as a result of the Industrial Revolution. There is nothing natural or fundamental about families.

The correct path forward is not trying to hold onto social arrangements of the past but to embrace social changes bought on by new means of production. In particular childcaring and education should be socialized. Reproduction too. Spend a few hundred billion dollars on researching artificial wombs. That's the way to halt population decline. China is a socialist country, so embrace a socialist future where the society will take care of the whole process from reproduction to education. People of the future will not have mother or father, they will only have the motherland, which will be perfectly fine.
I disagree, the family unit is the most important immediate unit/team/cell of society; children, even adult children will naturally defer to their elders and the paterfamilias or patriarch of the family, even in 'individualistic' anglo societies where rich families defer to the rich patriarch. Look at how Trump's family will still defer to him even if they disagree with him, and he's hardly a conservative christian religious type.
China's Confucian/Taoist family ties and relationships are a strength and the CPC are wise to utilise that strength of Chinese culture; Chinese people are motivated by providing the best for their families, for their parents, filial piety is deep and runs strong even in westernised christian asian families- in fact, i'd see christianity as perverting the Confucian system of relationships with the aim of placing a white man (jesus figure) into the Chinese family as its Godhead, over the family's patriarch/matriarch.

Secondly, your vision of a society is Utopian, and i mean that in the original meaning of the word, from Thomas More's Utopia; plenty of radical political scientists have hoped to achieve utopia by destroying the family in favour of communal, egalitarian structures. This is unrealistic and ignores basic human instinct; More hoped that doing so would prevent corruption but what one sees as corruption can also be viewed as a necessary evil to get shit done, over bureaucratic red tape, to achieve goals.
The Brave New World that is anglo-western society which attempts and even succeeds at destroying the family as a structured social unit merely invites desire for structure of another form: fascism as we see in the Lost Boys of the west who join White Nationalist groups.
 

AndrewS

Colonel
Registered Member
Property tax on 2nd homes, investment homes, & empty homes used for speculation or kept unused. Property tax on primary homes for the very wealthy. It should not apply to middle class people with a primary flat who cannot retire if they have to pay tax. The purpose of this is to reduce waste in society, and further to reduce inequality. Xi Jinping is correct on this entirely.

That being said, the pushback against Xi is proof that China is not just a one man dictatorship and that other people's opinions matter as well. That is a good thing. Furthermore, more should be done to stimulate the economy. With power shortages, regulations, trade wars, covid lockdowns, supply chain issues, etc. it's just too many stressors all at once. China should aim for higher than 4.9% growth, ideally at least 6%.

The whole point of local property taxes is that it helps finances spending on local services

And the people paying those taxes will hold local officials responsible for how this money is spent

So you want more people to pay taxes. So even low-value homes for low earners should pay something, even if it is only 100RMB per month

Therefore no homes should be exempt from property tax.
 

hashtagpls

Senior Member
Registered Member
Thirdly, do you know why the anglo corporate culture is so successful?
Because anglos have replaced the family with the corporate entity as their social unit, in their hyper capitalised society, be it Apple consumers touting their brand and products to white anglo bosses trying to force everyone to go back into the office post pandemic because they're lonely and have no family nor children and want to be around their 'tribe/family' who are in reality work colleagues.
Anyone who's ever worked corporate will note the cringeworthy "we are family" themes running across all corporate workplaces which runs to the benefit of the oligarch owners since they can expect you to work overtime for your 'work family' and yet not raise your pay. You can get KFC on fridays and donuts and maybe ping pong tables in the rec room, but no $500/week raises that would actually help you with your living conditions.

It's cringey to those of us who have strong family ties and strong family values; we know what a family is and corporate companies aint it. Work corporate is simply a place i go to get paid and when they try to get more work out of me without increasing pay i'll leave. In fact, have you noticed how deeply personal and hurt anglo bosses feel when you give your 2 weeks notice? That's by design, it's because they feel hurt and betrayed because the corporate workplace is their family.
I call it pathetic.
 

BlackWindMnt

Junior Member
Registered Member
Thirdly, do you know why the anglo corporate culture is so successful?
Because anglos have replaced the family with the corporate entity as their social unit, in their hyper capitalised society, be it Apple consumers touting their brand and products to white anglo bosses trying to force everyone to go back into the office post pandemic because they're lonely and have no family nor children and want to be around their 'tribe/family' who are in reality work colleagues.
Anyone who's ever worked corporate will note the cringeworthy "we are family" themes running across all corporate workplaces which runs to the benefit of the oligarch owners since they can expect you to work overtime for your 'work family' and yet not raise your pay. You can get KFC on fridays and donuts and maybe ping pong tables in the rec room, but no $500/week raises that would actually help you with your living conditions.

It's cringey to those of us who have strong family ties and strong family values; we know what a family is and corporate companies aint it. Work corporate is simply a place i go to get paid and when they try to get more work out of me without increasing pay i'll leave. In fact, have you noticed how deeply personal and hurt anglo bosses feel when you give your 2 weeks notice? That's by design, it's because they feel hurt and betrayed because the corporate workplace is their family.
I call it pathetic.
I have always kept work and private life separated, but if the boss pays for a free dinner who am I to not order more of the expensive stuff on the menu. No way I'm going back to the office every day again, I rather quit and in my sector there are ten other companies that need experienced developers.

But yeah its really cringe but they also want everybody back in the office to keep track on office politics. Heard multiple managers complain to me/the team they are out of the loop about certain events playing on in upper management. Because they can't eavesdrop or hear stuff in the corridors of the office building.
 

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