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  1. Wealth
December 16, 2009

WSJ: Chinese really hate the rich

By Spear's

Forget taxing bonuses or forcing the rich to pay for health care. When it comes to resenting the wealthy, China is far outpacing the U.S. and Britain.

Forget taxing bonuses or forcing the rich to pay for health care. When it comes to resenting the wealthy, China is far outpacing the U.S. and Britain.

Take nice cars, for example. According to an article in China Daily, pricey sports cars now run a high risk of getting vandalized. Cherry Chang, an editor of a luxury magazine in Shanghai, said her red Porsche has been vandalized three times in the past two weeks. Her friend’s Lamborghini fared no better.

“I think there are many people in this city who harbor a deep resentment against the rich,” she said.

That’s putting it mildly. A survey showed that 96% of the public said they feel resentful toward the rich.

It would be easy to write this off as sour grapes and to tell the Chinese to spend more time building wealth than resenting it. As one self-employed man said in the article: “It’s true that some of them get rich illegally or at the expense of the poor, but getting rich surely requires some other qualities, such as excellent interpersonal skills.”

To read the full story, visit wsj.com

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