China Has Second-Most Billionaires, Behind U.S.
Well, that didn't take long China now has more billionaires (89 if you include Hong Kong) than any other country except for the US, which, to be fair, has been working overtime to transfer wealth upward Unlike the U, the Chinese government has promised to distribute its bounty to "make our society fairer and more harmonious".
Well, that didn’t take long. China now has more billionaires (89 if you include Hong Kong) than any other country except for the U.S., which, to be fair, has been working overtime to transfer wealth upward. Unlike the U.S., the Chinese government has promised to distribute its bounty to “make our society fairer and more harmonious.”
Your support matters…BBC:
Just a few days ago in a speech at the start of China’s on-going parliamentary session, Chinese Premier Wen Jiabao said the government must reverse the widening income gap.
“We will not only make the ‘pie’ of social wealth bigger by developing the economy, but also distribute it well,” he said.
Mr Wen added: “[We will] make our society fairer and more harmonious.”
Independent journalism is under threat and overshadowed by heavily funded mainstream media.
You can help level the playing field. Become a member.
Your tax-deductible contribution keeps us digging beneath the headlines to give you thought-provoking, investigative reporting and analysis that unearths what's really happening- without compromise.
Give today to support our courageous, independent journalists.
Economic Justice
Nonprofits don’t have the political clout of their corporate counterparts, so balancing the CEO-worker pay ratio should be easier.
Credit where credit is due: The DNC’s latest “moderate” prospect for 2020 comes complete with a slate of blatantly nonprogressive stances.
Wednesday's prime-time event will be a stark departure from Bloomberg’s highly choreographed campaign.
The budget proposal offers a terrifying preview of what we can expect from Trump if he wins another four years in office.
As progressives gain momentum, media outlets are failing their readers with articles that uncritically amplify powerful interests.
The former U.S. Labor Secretary explains his case for why Bernie Sanders or Elizabeth Warren have the best chance of defeating Trump.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.