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Since the passage of the 2001 and 2003 tax cuts, critics haveclaimed incessantly that they disproportionately benefited the richwhile burdening the poor. Now that the data is in, these claimshave been shown to be unquestionably false.
“The Song of the Pipa Player” On October 17, 2020, the Standing Committee of the Thirteenth National People’s Congress (China’s top legislature) passed the Fourth Amendment to the Chinese Patent Law, which will become effective on June 1, 2021 (“Effective Date”). As I was digesting the news and browsing through the 29 newly published changes made to the previous version of the Chinese Patent Law, which was passed in 2008, a line from “The Song of the Pipa Player”, a popular poem written in 816 A.D. by Bai Juyi (one of the three most famous poets in China’s Tang Dynasty), cam...