Saturday, May 30, 2009

A Good Tax Policy Should Help Re-balance the Distribution of Wealth

A Good Tax Policy Should Help Re-balance the Distribution of Wealth

China's National Development and Reform Commission issued a notice this week, saying a property tax levy is in the pipeline.

An article in the China Youth Daily notes a good tax policy should not only contribute to fiscal revenue, but help re-balance the distribution of wealth between the haves and have-nots.

I guess if this type of taxation is good enough for Communist China, it must be good enough for Obama's USA.

1 comment:

  1. I know you love making comparisons of the president to Russia and China. What I really don't get is where was all the outrage last September when President Bush started bailing out the banks? If anyone is guilty of "communism" it's George Bush.

    George Bush destroyed all credibility the Republican Party had. Spending went up under him, new government mandates were imposed on education with No Child Left Behind, and the prescription drug bill. Most of his term the Republicans controlled the House and Senate, yet they never stopped him. So I know you won't respond to my post, but you have to admit Steve this whole movement to nationalize everything began under George Bush last September....remember you like to call yourself an Equal Opportunity Annoyer....yet I see nothing to indicate that in your blog posts.

    Legend
    The True Equal Opportunity Annoyer

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