The FOX News business analyst and conservative writes: "By the way, communist China is sending another lesson to our elected leaders on how to spur an economy. The personal monthly income tax threshold has been raised to 3,500 Yuan ($542) from 2,000 Yuan. This is how the government is responding to higher inflation. China is also in the process of cutting taxes on luxury goods. The country is trying to keep its wealthy people from sending, and spending, money abroad. While we are so busy vilifying our moderately successful citizens working hard to be exceptional, China is trying to unlock their potential. It's an amazing comparison; as we fight over the ability to borrow yet another $2.5 trillion (mostly from China) that same nation is trying to reward success."
Charles Payne on China's Exceptionalism
