24 ms·
Is this not FUD? Why do you assume that Chinese billionaires are any less philanthropic than US ones? America has the richest people on Earth currently, how suc
by sooheon 9y ago
Is this not FUD? Why do you assume that Chinese billionaires are any less philanthropic than US ones? America has the richest people on Earth currently, how successfully are you taxing them to take care of your needy?
This is reminiscent of the prisoner's dilemma in a way. All the rich of all the countries in the world will make the same claims: "look, we don't want to fall behind big scary China or Russia do we? So cut me some slack on taxes and regulation, let's all pitch in to bail me out when I fail (just a few billion here and there--I'm too big to fail, remember?), and we'll see about redistribution once we've won the war. I promise to remember you all."
A country that follows this path ends up like Korea, selling its soul to Samsung.
- malandrew 9y agoI'm not assuming they are less philanthropic. I'm assuming that their philanthropy will be skewed towards benefiting Chinese people the same way the philanthropy of American billionaires and millionaires is skewed towards benefiting American citizens. You're reading malice into a statement where there is simply economic self-interest since I live in America. I don't care if there is economic unrest in China nearly as much as economic unrest in America. Do I wish economic unrest in China? No, of course not. But if I had to choose between economic unrest overseas or in my own backyard, overseas it is. I only use China as the example here because they are the only ones actually executing an economic game plan that is competitive with taking economic gains from America and Americans.