{"id":2948,"date":"2012-03-09T09:00:54","date_gmt":"2012-03-09T14:00:54","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=2948"},"modified":"2012-03-09T04:03:50","modified_gmt":"2012-03-09T09:03:50","slug":"income-inequality-china-versus-the-us","status":"publish","type":"post","link":"https:\/\/www.Centives.net\/S\/2012\/income-inequality-china-versus-the-us\/","title":{"rendered":"Income Inequality: China versus the US"},"content":{"rendered":"<p style=\"text-align: center;\"><img decoding=\"async\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2012\/03\/030412_0437_IncomeInequ1.png\" alt=\"\" \/><\/p>\n<p>Bloomberg reports on a fascinating report that examines the composition of the Chinese legislature:<\/p>\n<ul>\n<li>The <span style=\"text-decoration: underline;\">increase<\/span> in the wealth of the richest 70 members of China&#8217;s legislature ($11.5 billion) in 2011 was more than the <span style=\"text-decoration: underline;\">entire net worth<\/span><em> <\/em>of the entire US Congress, the President, the Cabinet, and the Supreme Court ($7.5 billion).<\/li>\n<li>The richest member of the United States congress, with a net worth of $700.9 million, would rank just 40<sup>th<\/sup> in the list of the richest in China&#8217;s legislature.<\/li>\n<li>China&#8217;s top political leaders \u2013 including the President \u2013 don&#8217;t disclose their personal finances.<\/li>\n<\/ul>\n<p>To read other startling comparisons as well as more about the former Chinese President who allowed the rich onto the legislature, why in a country of weak legal rights, it is in the interest of the rich to be on the legislature, and where their wealth comes from click <a href=\"http:\/\/www.bloomberg.com\/news\/2012-02-26\/china-s-billionaire-lawmakers-make-u-s-peers-look-like-paupers.html\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/www.bloomberg.com\/news\/2012-02-26\/china-s-billionaire-lawmakers-make-u-s-peers-look-like-paupers.html\">Bloomberg<\/a><\/p>\n<p>Via: <a href=\"http:\/\/shanghaiist.com\/2012\/02\/27\/is_china_home_to_the_worlds_richest.php\">Shanghai List<\/a>, <a href=\"http:\/\/marginalrevolution.com\/marginalrevolution\/2012\/02\/china-fact-of-the-day-6.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+marginalrevolution%2Ffeed+%28Marginal+Revolution%29&amp;utm_content=Netvibes\">Marginal Revolution<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg reports on a fascinating report that examines the composition of the Chinese legislature: The increase in the wealth of the richest 70 members of China&#8217;s legislature ($11.5 billion) in 2011 was more than the entire net worth of the entire US Congress, the President, the Cabinet, and the Supreme Court ($7.5 billion). The richest [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2947,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"https:\/\/www.Centives.net\/S\/wp-content\/uploads\/2012\/03\/030412_0437_IncomeInequ1.png","_links":{"self":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/2948","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=2948"}],"version-history":[{"count":3,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/2948\/revisions"}],"predecessor-version":[{"id":3065,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/2948\/revisions\/3065"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/2947"}],"wp:attachment":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=2948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=2948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=2948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}