You've made good points at your latest comments, these things are concerning me too as an observer. As for the last, no this isn't how it works. If it worked like that humanity would have stayed in caves. Original revolutionaries do not hope to get rich. I hope that a truly revolutionary faction in CCP still exists. The critical turn that PRC will face is when the productive forces will mature, and the GDP growing spree ends, which is near, probably in a decade. The dillemma will be real and harsh. "Are we going to western style of plutocracy and growth stagnation or pave the way of a new collective mode of prosperity?" I am optimistic
I though it is the other way around take the money in form of capital gain tax and progressive tax but leave the man alone to make money. Chinese taxation system is unfair I know they don't have capital gain tax or property tax on real estate Not sure about other asset They need to change that and redistribute the income from the tax to subsidized housing for the poor and improve health care system for the poor . There is nothing wrong with being rich but China need a strong government to redistribute the wealth. I don't agree with socialism it kill the enterpreuneur spirit . China should learn from history and protect the legitimate wealth from the merchant class from arbitrary seizure.
In the end, I feel like China is a place where blanket free market policies probably won't work. The social and economic situation is a frankenstein. There's nothing natural about China's last hundred years.
-Overpopulation
-huge retiring population supported by few kids
-Lots of ignoramuses, especially in the older generation from the Mao days
-Inferiority complex/white worship
China obviously can't open the internet which is dominated by professional propagandists.
There's no more land for expansion of capitalism
China probably have to stick to current management system and micromanage everything until people get more educated.