Tuesday, November 25, 2008

Taxing the Rich


This is how they tax the rich in China:

HONG KONG (MarketWatch) -- Mystery surrounded the whereabouts of Huang Guangyu, one of China's wealthiest individuals, a day after reports surfaced that he was recently detained by the Beijing police for questioning over alleged financial wrongdoing.

This article places his worth at about $2.7 Billion. It's probably closer to $6 Billion...and Guangyu is, arguably, the richest man in China...or was.