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Are there no "legitimately" rich people in China? I've been given the impression that the laws and economy are structured such that one cannot become wealthy wi
by lawnchair_larry 10y ago
Are there no "legitimately" rich people in China? I've been given the impression that the laws and economy are structured such that one cannot become wealthy without taking what "should" have gone to the government/people, but I find this all very confusing. Obviously there are very visible rich Chinese folks. Or is it more comparable to rich Americans with Panama accounts, which there is nothing necessarily wrong with, but we all know that a good chunk of them are probably dodging taxes?
- seanmcdirmid 10y agoThere definitely are! But they aren't the ones who have to really worry about getting their assets (and eventually asses) out of China. There are plenty of people who have built their empires via guanxi, bribery, and lots of untaxed grey money. Those are the ones that are a bit more worried about the government turning against them (because there is plenty of ammunition).