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 is crucial...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.”
As we navigate an uncertain 2025, with a new administration questioning press freedoms, the risks are clear: our ability to report freely is under threat.
Your tax-deductible donation enables us to dig deeper, delivering fearless investigative reporting and analysis that exposes the reality beneath the headlines — without compromise.
Now is the time to take action. Stand with our courageous journalists. Donate today to protect a free press, uphold democracy and uncover the stories that need to be told.
Editorial Cartoons
Economic Justice
On Wall Street, some of the most powerful people in finance have found a way to opt out of paying Medicare taxes.
Editorial Cartoons
Politics
The independent Vermont senator told the crowd: “Billionaires in both parties should not be able to buy elections, including primary elections.”
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.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.