[FoRK] choose your tax plan

J. Andrew Rogers andrew at ceruleansystems.com
Sun Oct 19 00:51:20 PDT 2008


On Oct 18, 2008, at 10:51 PM, Joe Barrera wrote:

> On Sat, Oct 18, 2008 at 9:31 PM, HK Pang <hkpang at gmail.com> wrote:
>> 'Spreading the wealth' in China means very differently than in the  
>> US.
>>
>> The so called Gini-Coefficient in China is at a level that's
>> considered dangerous. So the Chinese government has no choice but to
>> help out the farmers. China is really a society of haves vs have  
>> nots.
>
> So you agree with me that the Chinese ARE still socialist.
> It's just that they "have no choice".
>
> BTW, the Gini coefficients for China and the US are almost identical  
> --
> 47 vs 45 (using CIA figures). Vs 28 in Germany, 28 in France, 32 in  
> Canada.


A Gini coefficient that is too low is a bad thing economically, at  
least if efficiency matters. That said, there are a rather large  
number of factors that many people would consider relevant that are  
not controlled for in the Gini coefficient, so it probably does not  
mean much anyway.  Kind of like the DJIA.

Regardless, it is obvious that the Chinese have a *very* different  
definition of "poverty" than Americans, and it is arguable that the  
Chinese definition is a lot more meaningful than the American one.

J. Andrew Rogers



More information about the FoRK mailing list