Because then you would have many many people wanting to be janitors since it pays almost equal to chief engineer. Who wants to do college then PhD, when you get paid the same as a floor sweeper out of elementary school? Who would take all the financial risk of developing his idea and forging a company around it if the reward is that he gets paid a sliver more than what he'd earn flipping burgers for someone else without a worry in the world? Another thing, if the company owner divides up all his wealth, what happens when the company hits a rough patch and has to operate at a loss? Are all the employees expected to spit the cash back up and work for free? What happens when the company needs to undertake expensive risky research? Are all the employees expected to put their cash together and shoulder the bill? Your society will have a fatal lacking of intellectual resources and developmental drive.
You clearly don't know anything about Socialism if you think it means everyone will earn the same.
China doesn't follow this principle; China is socialist in name only, and that is why it is thriving. If it follows these socialist and Marxist principles to the tee, China would fade like the Soviet Union.
Entire generations of Chinese communists would be turning in their graves if the read what you just wrote. It's a shame to see that a lot of Chinese patriots in this forum are still neoliberals despite loving and allegedly knowing about China
That's not happening. Your definition of socialism doesn't work anywhere and China's success and divergence from the Soviet Union's failure was built on China understanding this.
China can call itself anything it wants; I wouldn't waste time arguing over words. China's brand of unique capitalism/"socialism" is what brings it success.
I don't know if you can read Chinese, if you can, read this:
I don't think the words of 习近平 is something to take as a bluff. The same with the words of many CPC members who have written Marxist analysis about China and its future.
I would write more, but I really have no time.