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Is it time for China to raise property taxes to improve productivity and value within China??, page-2

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DavoMagic

16,806 Posts.

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01/03/21

16:47

Post #: 51426239
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Originally posted by DavoMagic: ↑

https://www.news.com.au/technology/innovation/military/british-and-canadian-warships-invade-south-china-sea-as-tensions-escalate-with-beijing/news-story/41cc91af2af8b5ec3126712d09fef454

With the push and shove getting serious in the South China sea will China start to get serious?

If they raise property taxes within China they can fund those impoverished and not earning a lot subsidising the labour costs into the production of goods for export while also reducing capital expenses on property purchases as property reduces with the higher tax burden .

More resources goes into production and innovation making China and its people stronger so China can export to the world ignoring USA.

If USA adjusts and raises property taxes in USA it means more funds for the poor increasing the capacity of those in USA to spend on Chinese goods.

Theoretically China has nothing to lose and everything to gain. Would China be bold enough to orgainse a hit on Jamie Dimon or Lloyd Blankfein??

The other thing is raising property taxes reduces funds escaping Chinas grasp by transfering it offshore as the wealthy has less opportunity to transfer more and would have to pay comparatively higher prices on overseas assets no matter how speculative

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https://www.news.com.au/sport/football/chinese-football-in-chaos-as-billions-finally-run-out/news-story/076870a6919712879d1b745ff3fba7f6

This is a strong move from China.

Exiting the expensive soccer arena should be a boom for the Chinese economy especially as it attempts to avoid the pitfalls of inequality in the west!!!

No doubt Chinese exports will be far more competitive as a result
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