The 18th Party Congress in late 2012 came up with a new plan to double average income by 2020 by changing the economic growth model and incomedistributionsystem.
Formula apportionment would allow tax bureaucrats to concoct a system for arbitrarily changing the existing distribution of business income, with a clear goal of forcing companies to over-state their taxable income in high-tax nations.
There is no force more just and efficient than free markets to level the incomedistribution, humble the arrogant rich and depower the finaglers and manipulators who use politics to rig the system in their favor.
"Our current system can create some serious work disincentives, particularly at low and high ends of the incomedistribution, so the potential efficiency gains are pretty clear, " Justin Ross, Professor of Public Finance at Indiana University, told the BBC.