@robertgraham They might pay some tax but it’s almost never income tax. Which is what people always want to raise.
Income tax keeps you from getting wealthy.
@PwNeilo@danobrien20 Since you want to talk about it, how many people died and how many would have died if a country of a billion people had a revolution?
@robin_j_brooks@calvinfroedge The new information is a significant reduction in inventory. Japan and the US have both used about a third of the reserve.
That gives us an estimate that by end of year reserves will be 0. Current price and conditions can’t persist to 2027. And you’re seeing the change.
@sylviapuffs It’s largely true. Describing China as capitalist, socialist, or communist is doing a lot of heavy lifting.
It’s a pragmatic blend. Chinaist.
@teortaxesTex It sounds like a lot but 3 trillion in a day is nothing for a stock market. 15 trillion over several years is easy to absorb.
For now real estate is a commodity but as areas develop, the good investable places start to pop up in a more stabilized way than it was before.
@Bluebearmonkey If that doesn’t work, the government teet of defense spending is there.
The desire to increase defense spending will accelerate the preservation of losers.