Reduce Increasing Wealth Gap

Increase (low-income groups) income level

Most people such as farmers, rural workers and some civil servants are not get much benefit due to the growth of China's economy, the income of them grew very slowly. As a result, the government should increase poor people’s income substantially and the minimum living security standard. Otherwise, completely remove the farmers of various taxes and fees and give them extensive subsidies.

Improve social security system

China's social security work has just begun and the government should try to increase the investment on the social security system. Furthermore, establish a set of incentive system to encourage the rich taking money to repay the society is also can improve social security system.

Improve the financial and tax system

At present, working class is still the main part to pay the individual income tax, which fully shows that tax system is unreasonable. In order to make full use of tax adjustment function, government should improve the tax system, such as relieve the burden of poor people to pay the individual income tax, while increase rich people the proportion of pay the taxes, collection inheritance tax and luxury consumption tax. Also, encourage rich people to assume more social responsibility, such as education and do charity.

Prevent monopoly industry and their income

Some industries such as electricity, telecommunications and railways still have a serious monopoly and they can obtain high monopoly profits. These industries staff will have high income and there is a big gap between these people and other workers. For this reason, the government can join the competition mechanism in monopoly industries to reduce the monopoly income, thereby reducing the income of its employees. Some industries which are must be