How some European states distribute wealth
China DailyPhoto taken on Feb 23, 2018 shows a view of the port area of Hamburg, Germany. One reason for China's success is the opening up of the private sector, but the structure of Chinese society and socialism with Chinese characteristics have played an equally important role in that success. Yet the Western media, while attributing China's economic success to the opening up of the private sector, never mention China's social structure or socialism with Chinese characteristics. But the US is not a good example to follow when it comes to fighting monopoly and imposing higher rates of taxes on the rich, so as to more equitably distribute wealth, because according to a Forbes survey in June, people such as Jeff Bezos, Bill Gates, Warren Buffett and Elon Musk －among the richest people in the world－pay on average 3.4 percent income tax. The German economy has been a great success, and wealth distribution in Germany is more equitable than in many other countries, because corporate governance in the country is based upon the common good.
History of this topic
Global wealth tax on ultra-rich ‘would raise up to $250bn a year’
The Telegraph
How some European states distribute wealth
China DailyDiscover Related
