The gap between China's richest and poorest citizens is approaching a dangerous level and could lead to social unrest, state media reported Wednesday, citing a government study.Remember this the next time you here some John Edwards-like socialist mouthing off...
The most affluent one-fifth of China's population earn 50 percent of total income, with the bottom one-fifth taking home only 4.7 percent, said the report by the official Xinhua News Agency, carried in newspapers Wednesday.
"The income gap, which has exceeded reasonable limits, exhibits a further widening trend. If it continues this way for a long time, the phenomenon may give rise to various sorts of social instability," it said.
The reports reflect a growing public recognition of the simmering discontent that has provoked protests and sometimes violent clashes in disputes over labor, pollution and other issues. But apart from adjusting income taxes to reduce the burden on middle-income earners, there have been no signs the government plans to confront the problem with any major policy changes.
Thursday, September 22, 2005
Communism Works...
From Yahoo News: