Love how hard they're trying to portray this as a bad thing lmao
this post was submitted on 03 Nov 2024
124 points (98.4% liked)
World News
32503 readers
1049 users here now
News from around the world!
Rules:
-
Please only post links to actual news sources, no tabloid sites, etc
-
No NSFW content
-
No hate speech, bigotry, propaganda, etc
founded 5 years ago
MODERATORS
The way they're trying to frame these companies cheating on their taxes, as if the government is the bad one for not letting them get away with it. My brain is melting 🫠
I saw someone on Twitter called "The Great Thinker" say:
This is the worst time to do so as the economy is in a recession.
This bit is hilarious, like what China couldn't issue currency the way the US does if they really wanted to?
“China’s fiscal deficits have reached a tipping point,” said Gary Ng, a senior economist at Natixis. “There is more urgency to find alternative revenue sources . . . and taxing the wealthy and some companies creates a less direct economic impact on most residents.”
The US is run by the capitalist class, and from their point of view China is “authoritarian,” because the Chinese state isn’t allowing the capitalist class to run China.
That’s what Western governments and Western corporate media really mean by “authoritarian” & “totalitarian” governments: that Western capitalist neocolonization is being stymied by those governments.
If the government is in control of anything, capitalists will claim authoritarianism. This is the way.
If the government is in control of anything, capitalists will claim authoritarianism.
It's more like international capital wants unfetter access to resources and labour power in China. A country doing economic or resource nationalism is the problem, not the government doing stuff. All western governments are heavily interventionists in their economies, but they do it mainly for the capitalists and especially the international capitalists, what they do for the people is for keeping social stability so that they may keep their position.
Chinese authorities are demanding wealthy individuals and companies double-check their taxes for unpaid liabilities in a move that threatens to further dent investor confidence in the world’s second-largest economy.
If rich people can't pay taxes, they shouldn't be investing.
“China’s fiscal deficits have reached a tipping point,” said Gary Ng, a senior economist at Natixis. “There is more urgency to find alternative revenue sources . . . and taxing the wealthy and some companies creates a less direct economic impact on most residents.”
Economists should be sent to Mars tbh
There is more urgency to find alternative revenue sources
What revenue, they're a government
But at what cost 😢
Rich people. The cost is rich people.
Not very freedomy or very cash money democracy of them 😠
cash money democracy
Fucking LOL
enforcing the law against the wealthy is genocide actually
china's evil truly knows no bounds
I can only read the headline but that sound to me like a very good thing though.
It's the Financial Times. Taxes are a cancer for them.
When it's directed at capitalists and corporations at least
“This type of thing — local authorities levying extra fines and taxes on companies — is happening every day and it’s hurting morale,” said an economics professor in Beijing who wished to remain anonymous.
Lmfao! Cry harder plz. Muh freedums!
it’s hurting morale
So about these beatings... I didnt reliaze they can go both ways.
"It is deeply concerning that China is trying to make the rich pay their fair share in taxes" -- western media, probably