Liu Shijin: High income earners paying more taxes and protecting property rights are not contradictory. "Protecting property rights is protecting tax resources."

At the Sina Golden Qilin Forum, Liu Shijin, Vice Chairman of the Economic Committee of the 13th National Committee of the Chinese People's Political Consultative Conference and former Deputy Director of the Development Research Center of the State Council, pointed out that it is necessary to promote the transformation from indirect taxes to direct taxes. While optimizing taxes on production processes, taxes on high-income earners and property should be increased reasonably. "After this issue is raised, some people may have doubts about whether it will have some impact on protecting property rights and stabilizing expectations. In fact, these two things are not contradictory. The increase of tax revenue from the high-income earners will give the government more incentive to protect property rights, because protecting property rights is protecting tax sources." Liu Shijin emphasized that it has been proven that tax revenue sources are strongly correlated with government behavior.