9. China’s Figures For The Rich
China is a communist state, where much is based on the principle that income should be evenly divided among the workers, an economy’s means of producing wealth. However, China, like India and many other non-communist countries, has recently seen the rise of a middle class and an elite wealthy class, indicating income inequality that is hardly Marxist.
To be in the top one percent of earners in China, you need to make only $107,000 per year. However, reaching that much money is de-incentivized. Those making that much money are taxed at 45%, a similar rate as the highest-earning brackets in many socialist countries. So despite an economy that is taking over the world, becoming rich in China is still very difficult. The average income in China is only about $9500.