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A Measure to Fight China’s Worsening Income Distribution

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DOI: 10.4236/chnstd.2013.22013    2,423 Downloads   4,548 Views  
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ABSTRACT

China’s income distribution has worsened along with its rapid economic development. It is suggested that the government issues an ID card with a chip and store money in the chip as calculated by a formula based on tax revenues. People can use the money stored for consumption. The measure is likely to prove an effective tool in bringing about a direct and immediate improvement in income distribution.

Conflicts of Interest

The authors declare no conflicts of interest.

Cite this paper

Hsiung, B. (2013). A Measure to Fight China’s Worsening Income Distribution. Chinese Studies, 2, 89-91. doi: 10.4236/chnstd.2013.22013.

References

[1] Luo, X. B., & Zhu, N. (2009). Rising income inequality in China: A race to the top. World Bank Policy Working Paper, No. 4700.
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[3] Thurow, L. C. (1974). Cash versus in-kind transfers. American Economic Review Papers and Proceedings, 64, 190-195.
[4] Yao, D. (1999). Urban-biased policies and rising income inequality in China. American Economic Review Papers and Proceedings, 89, 306-310. doi:10.1257/aer.89.2.306

  
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