readx;? Chapter 576 Cruel Taxes

"These excellent employees are the most valuable asset of the enterprise, and their loss will accelerate the decline of the enterprise. Pen × fun × Pavilion www. ｂｉｑｕｇｅ。 ｉｎｆｏ”

George said lightly, "In addition, high housing prices will suck up the savings of ordinary people. House slaves have been saddled with debts for decades in advance, and their spending power will not be greatly improved in the next few decades. This, in turn, would lead to the loss of the entire future of manufacturing. ”

George said in an affirmative tone, "Hong Kong's existing distribution system has determined the decline of the manufacturing industry. ”

Xu Wenbiao's face became a little pale, and every word of George fell on his sore spot.

He lowered his head and added what George hadn't said.

"Although from the current price, these discounted manufacturing industries have a good attraction. But these manufacturing industries have lost their future, and high housing prices are destined to reduce their profits and increase their costs year by year. ”

"In a few years, the manufacturing industry, which would otherwise seem profitable, will go bankrupt and lose money. ”

George nodded and said lightly, "Hong Kong's existing distribution system has determined that it is not suitable for the survival of the manufacturing industry. Obviously, we are enterprises, we are businessmen, and we cannot change the distribution system in Hong Kong. ”

"Unless citizens can recognize this and are willing to make sacrifices to protect Hong Kong's manufacturing industry," Hui said in a bitter tone. Otherwise, the manufacturing industry will slowly disappear in Hong Kong. ”

"But why can house prices continue to rise on the basis of bubbles? ”

George smiled and explained, "Housing prices don't need to correspond to an increase in people's incomes, you can just think of housing prices as taxes." Housing prices are a kind of tax, and as long as the tax continues and the rule continues, housing prices can be maintained. ”

"House prices are an invisible tax. Xu Wenbiao muttered.

"If you've ever known the Muggle world... Uh, the history of the human world. George's mouth was quick for a while, and he was already speaking a little smoothly, and he slowed down his speech and spoke slowly.

"Benjamin Franklin once said that death and paying taxes are unavoidable, and the only thing that cannot be escaped in the human world is death and paying taxes. ”

"From every item you consume, your breakfast in the morning, to the clothes you wear, the dwelling you live in, the vehicles you use to commute to work. Behind everything you encounter, there is an endless amount of tax lurking. ”

George said in a relaxed tone, "All other costs can be compressed, but taxes can't be compressed." If you can understand this, you will understand that the price of breakfast is not because the uncle who sells breakfast thinks that he should get a high income. ”

"It's because of the tax, which pushes up the cost of the uncle who sells breakfast, he can work his own, but he can't pay less taxes. The root cause of the increase in breakfast prices is because taxes are rising. ”

"So clothes are too expensive because of taxes. The house is too expensive, also because of taxes. Travel is too expensive, in fact, because of taxes. ”

George said slowly, "The city you live in, everything that is modern around you, everything behind everything, there are tax reasons at play. It is the taxes that keep the whole city running, and the income of those officials who keeps the whole city running is also taxes. ”

"When the cost of running a city is too high, and the income of officials is too high, all the costs of the whole city will continue to rise under the influence of taxes, and finally lead to the high cost of living in the whole city. ”

Xu Wenbiao nodded, "Hong Kong is a country with a low tax system on the surface, and nearly half of the Hong Kong government's fiscal revenue depends on land sales. Government officials have a great incentive to push up land prices, and they are working together to push up house prices. ”

George said blandly, "The price of the land transfer, the deed fee for the sale of real estate, plus other taxes and fees from the investment, real estate accounts for the majority of the Hong Kong government's tax revenue." In this case, as long as the Hong Kong government's tax revenue is maintained, they will do everything in their power to maintain the high housing prices in Hong Kong. ”

"Could it be that Hong Kong's housing prices will continue to rise, rising to the point that no one can afford them?" Li Youran asked curiously, and no Hong Kong person would not care about the trend of housing prices in Hong Kong.

The other colleagues were listening intently to George's analysis. They are all Hong Kong people, and they have a personal interest in Hong Kong's housing prices, and they are eager to know how Hong Kong's housing prices will change.

They all want to know whether they should buy now with debt or wait for the money to buy a house. Or simply need to sell your house and wait for the price to plummet.

George slowly explained, "Housing prices are taxes, and these invisible taxes are an important means to ensure the fiscal balance of the Hong Kong government, and they have the greatest willingness to maintain high housing prices." ”

"But the Hong Kong government is not omnipotent, and the Hong Kong government uses a linked exchange rate system. This is a relatively restrained and effective exchange rate system. The Hong Kong government itself cannot directly issue Hong Kong dollars, and must have the corresponding US dollars as a guarantee before the Hong Kong government can use US dollars to increase the Hong Kong dollars in the market. ”

George said slowly, "These Hong Kong dollars are an important means of pushing up housing prices, but Hong Kong's manufacturing industry is declining. Under normal circumstances, as Hong Kong's manufacturing sector declines, Hong Kong will have less and less dollars to obtain, and eventually housing prices will peak. ”

Xu Wenbiao nodded and said, "So it stands to reason that the recession of Hong Kong's manufacturing industry has brought people's incomes to keep up with the growth of housing prices, which should have led to a decline in housing prices." But now, because everyone is optimistic about the hype factor after the handover, it has attracted more dollars at home and abroad, pushing up housing prices. ”

Li Youran asked cautiously, "So, only when those dollars who are optimistic about Hong Kong's housing prices leave, will Hong Kong's housing prices fall?"

"Exactly. George said in an affirmative tone, "Keep an eye on those dollars, when it will be more and more difficult for Hong Kong to obtain them, and when those dollars will start to stop growing." At that time, it was the last bubble in Hong Kong's housing prices. ”

"When will this time be?" Xu Wenbiao said with a frown.

If he could, he hoped that time would be a little faster, and Hong Kong's manufacturing industry could no longer afford the high housing prices it was now. Just wait a year or two for Hong Kong's manufacturing industry to be completely devoured by real estate.

(To be continued.) )