The Regulation Of Resident Property Income In The Process Of Transition

As China's economy development and national wealth continuous accumulation, the resident's property income is getting into a rapid growth track. In recent years, the growth rate of property income is faster than wage income in same period and property income is becoming an important source of revenue growth. Development experience of developed countries shows that property income will gradually become an important new source of revenue when per capita GDP break through 2000 U.S. dollars. In the United States,20-30% personal income is property income and 90% residents hold stocks, funds, securities and so on. But in China, despite the rapid growth of property income, it is only 2.3% personal disposable income. Therefore, it is an important focus to enhance China's vast residents'property income through policy regulation and control. The party's 17 report. Great points out that "to uphold and improve the distribution according to work is dominant and diverse modes of distribution coexist in the distribution system, improve the labor, capital, technology, management and other production factors participate in the distribution system in accordance with their contributions gradually raise the income of residents. the proportion of national income distribution……to create conditions to enable more people to own property income. "It can be seen that this can be seen, the state encouraged the residents of private wealth to invest in the production and circulation areas, and contributions in accordance with the elements involved in the distribution of income and thus access to property income.In China, property income not only displays the trend of fast-growing, but also displays a huge difference in the absolute income level and growth rate, in 2007, property income of citizen is equally 348.5 Yuan, the countryside resident's property income is 128.2 equally, the property income of citizen is 3.1 times over countryside resident's. But in citizen, the property income of the lowest income crowd (10%) is 53.56 Yuan, the property income of the highest crowd (10%) is 1911.3 Yuan, the difference is nearly 35.68 times. Seen the increment speed, the growth rate of the property income of Chinese the lowest income is approximately 2.08% from 2000 to 2007, but the growth rate of the highest income citizen's property income is above 400% from 2000 to 2007. The difference of property income became a key factor of the difference of citizen's income. Therefore, how to promote the growth of population's property income at the same time to reduce the difference of property income in different social class is becoming an important topic in the income division area.Because property and property income have the Matthew effect-"the wealth is richer, the poverty with poorly", It is easy to block the flow of social class. The mid and low earning social class difficulty improve their life through the growth of income, which will also present from generation to generation. So, the poverty will lose the opportunity of change their fate. Meanwhile, the property income belongs to the disposable income of citizen. The stability, the endurance and the anticipation of property income may directly influence the resident's expense investment behavior, then influence a country's economic growth way. Because property income has important society and the economic effect, all governments unceasingly regulate the property income to alleviate the problem of economic and society.Because the property income is a new question with the growth of resident wealth in Chinese transition period, our country unceasingly accumulate experience about how to regulate property income. Therefore, to deeply research the current questions which exist in our country property income regulation is not only advantageous to promote reasonable growth of property income but also to deduce the difference of resident property income so as to realize the socialist goal of common enrichment. Under this background, the paper attempts to explore the current questions which existence in our country property regulation and to provide the beneficial reference to correlation research and the policy formulation, which is the reason why the paper selects the topic.The article's construction is as follows:The introduction part proposed the background, the significance of theory and practice, and reviewed the search, cleared the content and the research technique of the paper, finally pointed out the possible innovation and the existence insufficiency. The 2nd chapter was the elementary theory of property income regulation. This part includes the division theory and growth mechanism of property income. Property income may be unequal through the function division under the market mechanism, which is not favor to the economical and society's development. Then this article proposed the model of property income regulation.The 3rd chapter analyzed present situation of our country property income. Through the analysis of the rise rate, the proportion and the difference in city and countryside of property income, this chapter pointed out the disparity of present property income is obvious, property income's contribution is enhancing.The 4th chapter and the 5th chapter analyzed the property accumulation. The 4th chapter researched the resident property accumulation ability from primary assignment of national income. The 5th chapter researched endowment of property from the system reform.The 6th chapter analyzed the growth of property. This part researched the structural growth of property income from the stock market and real estate market, and analyzed the shortage of regulation.The 7th chapter analyzed affection of redistribution to property income regulation. This part researched tax policy on property income regulation, and pointed out the present classified tax system is difficulty to adjust the disparity of property income without the property tax, inheritance tax and donate tax. Because the social security systems are not perfect, t he old-age insurance system and the housing common reserve fund system is also difficulty to be the key source of general population's property income.The 8th chapter proposed the policy suggestion of property income regulation. This part studied property income regulation experiences about national income primary assignment, redistribution of income and social security systems in US, France, South Korea. This part put forward policy proposal of property income regulation in China.The last chapter pointed out the main conclusions of this study and further research direction.The main innovations of the paper are shown as below:1. To refine the concept of property income, this is important to understand the regulative scope of property income. The present study confined the concept of property income to the income which comes from the resident owned and freely used property.In fact, the resident also has other property income come from owned and unfreely used property for example pension, housing common reserve fund and so on. It can not be neglected to comprehensive regulated property income.2. To study the property income growth mechanism. From three aspects of the property income's self-strengthening, financing ability strengthen investment yield and the investment way relied on itself, the paper studied the mechanism of the resident personal property income growth. Through the analysis of imitating investment behavior, and also recombinating above three mechanisms, the paper analyzed transformation process of resident property income structural and the influence on the property income gap.3. To proposed the theoretical model of property income regulation. Because the property income is the property derivative and the family holded wealth is not equal, the essential factor income distribution theory explainds that it will cause the unequality of property income distribution.At the same time, because the self-strengthening of the property income growth causes the difference of resident invest behavior, which will also cause the difference of resident's invest returns ratio.Moreover, it.is different from people on the work effort, the education,the place, the health, the luck and so on, which will lead the unequality of property income distribution. Therefore, free distribution of property income possibly leads the property income to unequality, it is necessary to carry on the regulation to the property income. So, this paper proposed a theory frame model of regulative property income, and propsed the property income regulation shouled be carried on from three aspects of the property accumulation process, the property income growth and the property income redistribution, which overcome current property income regulation's limitations.4.The paper systemly researched Chinese resident property income condition, refered the reason of current Chinese resident's property income structure and the dfifference, and pointed out that the property income contributed to increasing the resident income gap, and proposed the regulations of property income in china transition period. The property income's regulative question is one very meaningful and very complex research subject. Our country focuses on the income's regulation of the labor income, the shift distribution income, but lacks system's research to the resident property income and still not formed the system on the regulative method and the regulative object. This research is beneficial to our country income distribution theory and the government macroeconomic regulation.Because the complication of resident property income source, the broad of region, and the resident property income's first material difficulty obtains, the paper only carried on the analysis to the regulation policy of resident main property income source, has not researched resident's insurance income, intellectual property income, artwork investment and so on, these needed further research to make up.