Xi just sent a tough message to China’s super-rich during a top-level finance committee of the CCP, on income equity:- Excessively high income to be reasonably adjusted - Regulation for high-income group to be strengthened- Illegal income to be resolutely banned pic.twitter.com/DhrmRIgdZO— Stuart Lau (@StuartKLau) August 17, 2021
Yeah, at least in the US the way the ultra wealthy remain that way is by having their wealth grow. Their income isn’t very high, but they ride the wave of growing assets to a large valuation.
Yeah, at least in the US the way the ultra wealthy remain that way is by having their wealth grow. Their income isn’t very high, but they ride the wave of growing assets to a large valuation.