Xi’s Toughest ‘Common Prosperity’ Test is Raising China’s Taxes

The video discusses China's ongoing struggle to address its wealth gap through tax reforms. Despite the government's ability to act swiftly in other areas, implementing taxes like property and inheritance taxes has been challenging due to public opposition and economic concerns. Recently, China announced property tax pilot programs as a compromise, reflecting the complexity of balancing revenue needs and property market stability.

What types of taxes have been discussed by Chinese government officials to address wealth inequality?

How does public support influence the Chinese government's ability to enact tax policies?

What recent action did Beijing announce regarding property tax pilots?

Why has the Chinese government struggled to implement a national property tax despite discussions for almost 20 years?

What are the potential consequences of implementing an excessive property tax in China?