Why China Can Tax its Rich But We Can’t

Take back your privacy - start using Proton Mail for free: http://proton.me/tldr Sign Up for TLDR Party: https://toolong.news/party TLDR Part Explained: https://www.youtube.com/watch?v=KVXXC3jk4Kg China is cracking down on the rich by enforcing new taxes on income from offshore accounts in a big to balance its books. So why is the CCP able to do what many Western countries claim is too difficult or too economically damaging to achieve? 📰 Too Long: https://toolong.news/ 🎉 TLDR Party:  https://toolong.news/pages/tldr-party 📖 Read our Manifesto: https://tldrnews.co.uk/manifesto Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought. TLDR is a completely independent & privately owned media company that's not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can't wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!