Quote:中央财经委会议:合理调节过高收入,鼓励高收入人群和企业更多回报社会
https://finance.sina.com.cn/china/2021-0...5104.shtml
Quote:Beijing reveals its next target for regulation: ‘excessive’ incomes
https://fortune.com/2021/08/18/china-inc...ty-wealth/
You can implement policies that discourage excessive executive pay (e.g. progressive income tax). But what would they do about people that got rich through owning and accumulating capital assets?
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger