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To: Cogito Ergo Sum who wrote (49611)	5/6/2004 6:52:02 PM
From: RealMuLan	Respond to of 74559

The problem with China is that at least until last year (I am not sure about now), everyone can open an account without any form of identification and deposit millions of fund in it. One famous economist now made a suggestion, which I highly doubt can be put into practice. He suggests the gov. start to establish a personal property registration system, and each individual has to explain where his wealth come from, and whether it is legal. Whoever cannot explain his huge wealth, the chances are the money have been from embezzlement/bribe or other sources of corruption, thus the gov. should confiscate them. And then use the money to set up a national foundation to compensate the extremely poor. Definitely a good way to redistribute the wealth<g> Although it would be very hard to do this without first doing this within the Political Bureau. I read that Hu JinTao already raised the issue in the Political Bureau 3 times, and suggest all members should declare how much personal property they have, and where do they come from. But the motion has not passed. Hopefully, after Jiang retire (another couple of years?), the motion can pass, so at least the high ranking officials can clear themselves from corruption.