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The Gap Between Rich and Poor [machine]

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Content 1 · Events 9

A person in financial distress in Binzhou eats leftover noodles from a trash can in a hot pot restaurant parking lot

10.29 ·Reported ·Importance II ·Sources 1 ·Binzhou, Shandong

On October 29, in the parking lot of Yaju Hot Pot Duck in Bincheng District, Binzhou City, Shandong Province, a person in financial distress was seen leaning over a trash can, eating leftover noodles to satisfy their hunger. Netizens used memes such as "It's all Mbappe's fault" to mock the authorities' indifference to people's livelihoods.

Netizen Posts Criticizing the "Pay More, Get More" Logic of Pensions

10.19 ·Reported ·Importance I ·Sources 1 ·China

On October 19, a netizen posted a call arguing that pensions should not be awarded based on merit, pointing out that the essence of social security is mutual aid and protecting the vulnerable; distributing benefits according to "contributions" would leave elderly people at the bottom with even less security and widen the gap between rich and poor.

Oxfam report says median monthly income of Hong Kong's poorest 10% of households is only HK$1,600, with the wealth gap at 81.9 times

2024.10 ·Reported ·Importance III ·Sources 1 ·Hong Kong

An Oxfam report from October 2024 (using data from the first quarter of 2024) shows that the median monthly income of Hong Kong's poorest 10% of households was HK$1,600, down 54% from HK$3,500 in 2019, while the richest 10% earned 101,000; the gap between rich and poor widened from 34.3 times to 81.9 times, the poverty rate was 2.2%, and about 1.39 million people lived below the poverty line. The government's poverty report has not been updated since 2021.

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