This CICC report has been very popular recently. The data source may have some problems, but it triggers a thought: Is the word common prosperity credible? Can the poor be completely eliminated? The answer is, no!
There are 8 billion people in the world now, and 1% is 80 million. If all the poor disappear, then these 80 million human beings will immediately be divided. The 90% with the least assets will immediately become extremely poor, and the wealth of the remaining 10% of the richest people will shrink by 90%.
There is a saying: The wealth of the rich is the wealth of the poor.
What is wealth, currency, house, land, luxury car? No, the rich use money as the fulcrum to obtain the labor of workers. This is the wealth of the rich!
Think about it, just one Evergrande or one Country Garden can wipe out all the assets of 93% of people, which is just a drop in the scale of the entire wealth.
What's even more frightening is the cognitive gap caused by the gap between rich and poor, which will cause people to widen the generation gap that is almost dimensionally reduced, thinking that everything is taken for granted and is caused by their own lack of hard work. Because no matter how hard you work and work hard, you may only get a fraction of the wealth of the rich with 1.3 billion.
Not to mention traditional finance, now even the currency circle and even the emerging AI don’t have much time left for ordinary people!