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Chinese Academics Call for Wealth Tax to Redistribute Income

Chinese academics in a province that’s piloting measures to reduce income inequality said the government should impose wealth taxes, including on property and inheritance.

In a front-page article published Thursday by the official Economic Daily newspaper, two researchers at Zhejiang University argued that the taxes would help adjust the earnings of high-income groups and narrow the income gap. Li Shi, a professor, and Yang Yixin, a researcher, said the taxes should be imposed at an appropriate time to promote “common prosperity.”