Right on .. racism is wrong and what is also wrong is taxation and policies that discriminates against people who earn their living through employment income. We need to rethink this soon else I fear a general hatred towards capital and investment more generally (also wrong IMHO). We need to simply start taxing assets and luxury goods. It is a simple fix.

We should be blaming our establishment and the banks, not Chinese kids.

I agree taxing rentiers is the way forward. Will Canada do this? I don't see Trudeau doing it, but Canada did have a land value tax party that gained quite a bit of popularity.

https://en.wikipedia.org/wiki/Land_value_tax#Canada

> In Vancouver LVT became the sole form of municipal taxation in 1910 under the leadership of mayor

But that was when people understood the system better as opposed to now when they think banks are creating wealth when they create money which absorbs wealth.

EDIT: replying here to turnip1979 as throttled by HN who hate talking about Land value tax and the banks being leeches

-----

Perhaps. In the UK this week our Chancellor and Prime Minister had to disclose their tax records.

They both earn more (if you include the part they pay to their wives to avoid tax) from rent from their main London property than they get paid.

I'm afraid there has been a coup and one usually doesn't get too far writing letters to the new overlords.

I think we need to talk about the issue so that our representatives learn to differentiate between professionals who earn employment income and the ultrarich who hold the majority of assets. The central banks are refusing to even acknowledge inflation and the real estate bubble in front of our faces.