China spending their $$$ on infrastructure, not stupid entitlements.

[canadianhitman]

About a week ago, China put into service their new high-speed (200mph) rail service linking Shanghai with Beijing. They were able to complete the 820 mile high-speed system in 3 years. And it's only the beginning; there are plans to expand the high speed rail system to include all their key economic hub cities.

This past Thursday, China completed construction of the world's longest bridge, the 26 mile Jiaozhou Bay bridge.

There are no talks of spending hundreds of billions on ridiculous entitlements that can't possibly be sustained over the long term, and that would starve important building programs like these of funding. It's as if they watched how the USA fucked up their prosperity, learned from it, and are proceeding accordingly.

Put that in your pipes and smoke it, libtard fucks.

 

[canadianhitman]

Oh, and before the first libtard chimes in about how life sucks for Chinese people because of the lack of entitlements, lack of opportunity, blah blah blah...let me say that NO, it sure doesn't suck for those who work hard AND smart:

-China now has almost one million millionaires. The Hurun Wealth Report's new rich list says China has created 960,000 millionaires as of this year. That's an increase of 135,000 from the 825,000 millionaires Hurun reported just two years ago

-The average age of the Chinese millionaire is only 39 years old - 15 years younger than those in the U.S. and Europe.

-30 percent of Chinese millionaires are women (earned in BUSINESS in the vast majority of cases, not by divorcing and getting half)


Fuck Clinton, who should have been paying down your debt, pouring money into US infrastructure, and spending on R&D, ect when you guys were flush with money.

Fuck Obama for looking to spend what you don't have, and in all the wrong places to boot.

 

[binö]

shovel ready jobs

 

[calveless wonder]

Oh, and before the first libtard chimes in about how life sucks for Chinese people because of the lack of entitlements, lack of opportunity, blah blah blah...let me say that NO, it sure doesn't suck for those who work hard AND smart:

-China now has almost one million millionaires. The Hurun Wealth Report's new rich list says China has created 960,000 millionaires as of this year. That's an increase of 135,000 from the 825,000 millionaires Hurun reported just two years ago

-The average age of the Chinese millionaire is only 39 years old - 15 years younger than those in the U.S. and Europe.

-30 percent of Chinese millionaires are women (earned in BUSINESS in the vast majority of cases, not by divorcing and getting half)


Fuck Clinton, who should have been paying down your debt, pouring money into US infrastructure, and spending on R&D, ect when you guys were flush with money.

Fuck Obama for looking to spend what you don't have, and in all the wrong places to boot.

have you been to china?

do you understand the lack of economic parity that exists?

Do those stats state how many of those millionaires are foreign?

My bet is that most of those millionaires are a mix of transplanted foreigners and their chinese partners.

You see, in China, in order to do business there you MUST have someone who is Chinese be a partner in the business. Many times, they have no real active role in the business. Other times, once they figure out what you're doing, they'll screw the foreign business over and just replicate the business model once they understand it. They're not good at CREATING or improving it however.

There is no real entrepreneurial culture in China, which is why it's being flooded with foreigners (apparently, Israeli's have created a huge presence there according to my friends who have been living there).

The useless stats you are using present no indication of the general quality of life of the average chinese person.


There's plenty of opportunity....


if you're foreign and know chinese, or are a chinese person already with money. I'm willing to bet a lot of the chinese millionaires were pretty close to the "millionaire" line already

 

[calveless wonder]

The infrastructural aspect is out of necessity. There's so many people, and owning a car is a huge liability because the traffic is outrageous all the time. That is the reason for the bicycle culture of China. They're just catching up now. The US addressed a lot of these needs (for the most part) a long time ago.

Of course they're not focusing on entitlements, because these are obviously glaring issues.

that said, entitlements are stupid.

 

[canadianhitman]

The useless stats you are using present no indication of the general quality of life of the average chinese person.

If you're average, how ballin' a life should you have, really?

This isn't about the average person though...it's about investing wisely for the future when you are flush with cash, and that there is still opportunity in a country that does so rather than going hog-wild on entitlements.

The US addressed a lot of these needs (for the most part) a long time ago.

I've travelled in the US enough to know that they haven't nearly addressed their shitty transportation system.

 

[calveless wonder]

If you're average, how ballin' a life should you have, really?

This isn't about the average person though...it's about investing wisely for the future when you are flush with cash, and that there is still opportunity in a country that does so rather than going hog-wild on entitlements.

yes but how do you get to that point?

In the US, people can go from virtually nothing to being worth millions.

Those opportunities do not present them within the social and economic hierarchy in China.

 

[canadianhitman]

yes but how do you get to that point?

In the US, people can go from virtually nothing to being worth millions.

Those opportunities do not present them within the social and economic hierarchy in China.

I'm guessing a guy in China with one really good idea can go from sketchpad to production faster than I could, given that it's going to be manufactured there anyways.

 

[lartinos]

BBC News - Chinese chicken farmers ruffle Zambian feathers

 

[canadianhitman]

Good add, lartinos; China acquiring agricultural land on the cheap in Africa with some of that surplus cash is another example of how they are wisely investing in their future. They don't have to worry about a Zimbabwe-style land-grab against their farmers either; their army would crush the perpetrator's forces mercilessly in no time flat.