[Epoch Times, August 18, 2021](Epoch Times reporter Zhang Ting comprehensive report) After cracking down on Chinese technology giants and the after-school training industry, the CCP is targeting “high-income earners.” When the Chinese Communist Party leader Xi Jinping presided over the tenth meeting of the Central Finance and Economics Committee on Tuesday (August 17), he emphasized the need to redistribute wealth and strengthen the “regulation and regulation” of high-income earners. Analysts pointed out that Xi Jinping’s move is to start a new round of “disposing of local tyrants and dividing the land.” The Communist Party’s bandit routine has reappeared; China may have to take the Cultural Revolution 2.0.
According to a speech abstract released by the Chinese Communist Party’s mouthpiece Xinhua News Agency, Xi Jinping told the Chinese Communist Party’s leadership in his speech that the government must establish a system to redistribute wealth to promote “social equity.”
The meeting emphasized that it is necessary to “strengthen the regulation and adjustment of high-income earners”, and “reasonably regulate excessively high incomes, and encourage high-income groups and enterprises to return more to the society.”
American media CNN said that although the Xinhua News Agency article did not provide too many details about how Xi Jinping hopes to achieve this goal, it does imply that the Chinese government may consider taxing high-income earners or implementing other methods of redistributing income and wealth.
Who is classified as a “high-income earner” has always been the focus of Chinese people’s attention. The Chinese Communist Party did not specify the criteria for judging “high-income earners” this time, so the Chinese people can only hold their breath to see if they will be included in the standard list.
“Common Prosperity” has a historical background and is a common slogan for the CCP to maintain its power
According to CNN, Xi Jinping even regards the need to realize the “common prosperity” of the Chinese people as the key to the party’s maintenance of power. The meeting emphasized that common prosperity is the prosperity of all people, “not the prosperity of a few people.”
CNN pointed out that the term “common prosperity” has a great historical background in China. Xi Jinping’s use of this phrase in the context of wealth redistribution reminds people of Mao Zedong’s use of this term in the middle of the last century, when Mao Zedong carried out the so-called Economic reforms have taken power away from wealthy landlords, farmers, and rural elites.
During Mao Zedong’s rule, China experienced tremendous economic and social changes and turbulence. He died in 1976, marking the end of the Cultural Revolution.
The meeting hosted by Xi Jinping on Tuesday also stated that it is necessary to “construct basic institutional arrangements for the coordination of primary distribution, redistribution, and three distributions, and increase taxation, social security, and transfer payments and other adjustments and improve accuracy.”
In recent months, the realization of “common prosperity” has become a basic theme of the CCP’s political discussions. US financial television station CNBC reported that although the term is often understood to achieve moderate prosperity for all, not the wealth of a few. But it is still a vague slogan often used by the CCP.
The CCP’s recent suppression of technology companies is related to the idea of ”wealth redistribution”
CNN reported that Xi Jinping’s focus on wealth redistribution is closely related to the broader economic goals of the Chinese Communist government. In recent months, in the name of curbing financial risks, protecting the economy, and fighting corruption, the CCP’s regulatory agencies have carried out unprecedented blows on industries such as technology, finance, and education.
Chinese technology giant Alibaba was fined 18.228 billion yuan (approximately US$2.8 billion) by China’s regulators. The CCP’s crackdown on private companies has made global investors uneasy and raised concerns about China’s economic innovation and growth prospects.
The Chinese economy has recently shown signs of weakness. Data released on Monday showed that the country’s recovery is slowing, and the youth unemployment rate has soared to its worst level in a year.
Economists attribute the economic slowdown to a range of factors, including the rapid spread of the Delta variant of the Chinese Communist Party virus (coronavirus), natural disasters, increased debt risks, and weakened investor sentiment following the suppression of regulators.
Regarding Xi Jinping’s idea of redistributing wealth and realizing “common prosperity”, CNBC reported that analysts believe that this idea is behind the CCP’s latest regulatory crackdown on technology companies.
Huangfujing: Xi JinpingStart a new round of “distribution of local tyrants”
According to a report by Radio Free Asia, the Australian critic Huang Fujing believes that the Xi Jinping regime will face countermeasures from Western countries, and he has launched a new round of “distribution of land and tyrants” to mobilize the people to continue to support his regime.
Huangfujing said that Xi Jinping knows the economic blockade he will face next, and the next day will become more and more sad, and the financial income will become less and less. He will definitely make ideas among the high-income groups, and then rob the rich and help the poor. Xi Jinping is completely overturning Mao Zedong’s bottom of the box, nothing more than “breaking the local tyrants to divide the land.” The Communist Party’s routine has reappeared. This method is easy to win the hearts of the people. Those people will call him long live. These people are all Xi Jinping’s new force in the “Cultural Revolution 2.0”.
Huang Fujing believes that China has historical lessons. This kind of “common prosperity” will greatly weaken social creativity. If China returns to the “closed and closed country” model of the Mao Zedong era, it will bring great disaster to the people of the country.
Huangfujing also said, “This consequence is that it will cause great harm to the Chinese economy and will greatly suppress the creativity of society. The CCP’s economy will only get worse in the future. What consequences Mao Zedong caused will be what we will see in the future. What is the result.”
Wan Runnan: China Fears Cultural Revolution 2.0
Wan Runnan, the founder of Stone Company, who was forced to go into exile in France because of his support for the “Eight Nine Student Movement”, said that the CCP kept repeating the same bandit routines in order to ensure that the red world was passed on from generation to generation.
Wan Runnan said: The so-called common prosperity is to rob the people who get rich first in the name of common prosperity. I once summarized the party history of the Communist Party: killing people in the name of revolution, robbing in the name of the people, sharing the spoils in the name of reform, and sealing up in the name of maintaining stability. Isn’t the whole thing a robber? Now we are about to start the second robbery cycle.
Wan Runnan also believes that although Xi Jinping also quoted Deng Xiaoping’s views in this meeting, it can be inferred from the history of the Chinese Communist Party’s governance that the next path can only be Cultural Revolution 2.0, not Reform 2.0.
Editor in charge: Lin Yan #
.