Provident Fund For Housing Is Equivalent To A Disguised Tax Increase.

personal Property right Deprived of it, even in the name of being noble, it is intolerable.

In April 6th, the Ministry of housing and urban rural development issued the "housing adjustment". Accumulation fund The notice of interest rate stipulates that the interest rate of individual housing provident fund should be raised. The third article clearly stipulates for the first time that "from April 6, 2011, the city that uses the housing provident fund loan to support the pilot work of indemnificatory housing construction will be carried out. The loan interest rate will be increased by 10% in accordance with the interest rate of individual housing provident fund loans above five years". This provision means provident fund loan support. Affordable housing Construction has entered the actual operation stage.

Changing the rules of the use of provident fund is equivalent to depriving the payers of their personal property rights, which is equivalent to raising taxes in disguised form to the payers, which is equivalent to breaking the rules before changing the rules.

According to the second and fifth regulations of the housing provident fund ordinance, which were revised in 2002, the housing provident fund should be used for the purchase, construction, reconstruction and overhaul of housing by employees, and no unit or individual should be allowed to divert him to use it. This shows that the housing provident fund is an employee fund, and the ownership of the capital is owned by the payer. The use Department of the provident fund is essentially a trustee, without the consent of the owner of the property rights, and the main provisions can not be amended, not to mention changing the ownership attribute.

The change has already been carried out. By revising the housing provident fund ordinance, the departments concerned can easily move out of the question of changing the scope of the use of the fund. In August 2010, the Ministry of housing, the Ministry of Finance and other 7 ministries jointly issued the notice on regulating the housing provident fund individual housing loan policy. According to the notice, 28 cities such as Beijing and Tianjin are listed as the pilot cities of housing provident fund support housing. We can try to build affordable housing, shantytowns, resettlement housing, public rental housing and other affordable housing by provident fund loans. Since March this year, the Ministry of housing, the Ministry of reform and development, the Ministry of Finance and the Audit Commission have already set up a research group to conduct research on the implementation and revision of the housing provident fund ordinance in many provinces such as Hubei and Hunan.

The regulations should be changed, and it is hard to avoid corruption under the inefficient operation of administration. However, property rights can not be changed. If the provident fund is used to protect the housing, it is actually used by the government for public products, so the provident fund has become a part of the tax, rather than a special fund owned by the proprietor.

Recently, the network has circulated a table to prove the high indirect tax rate: 10 thousand monthly income, 14% tax, 12% pension fund, 8% pension insurance, 4% medical unemployment insurance =3800 yuan, leaving 6200 yuan: if you take out 6200 of all consumption, you need to pay 17% value-added tax for your goods, 28% of all kinds of miscellaneous taxes =2800 yuan, so you earn a 10 thousand per month, you are equivalent to take out 6600 yuan to pay taxes - this algorithm is of course not reasonable, such as medical insurance and so on belong to their own security expenditure, such as provident fund is equivalent to the workers to solve the housing fund, rather than the tax collected by the government. If the medical insurance paid by the workers is specifically used as the government's pension expenditure, if the employees' provident fund becomes the main source of funds for the construction of affordable housing, then, whether it is medical insurance or provident fund, it has become the tax burden of employees in essence.

In essence, the negative interest rate policy and the property rights deprivation policy of the provident fund are all signs of plundering wealth. They are all signs of the aggravation of indirect tax burden.

Admittedly, there are a series of problems in the use of provident fund. For example, the use of provident fund is unfair, and become a small coffers such as monopolization of state-owned enterprises and other high-income employees. For example, there is an excessive upper limit and unfair use in the use of provident fund. People who are often criticized by others are full of Yamen. The fund is very large and the use efficiency is very low. The improper use of precipitation funds causes the value to shrink. Roughly estimated, there are about more than 200 billion yuan of provident fund precipitation in the whole country every year. The structure of the more than 340 cities in the country is not balanced. The amount of money deposited in the eastern coastal cities is relatively small, and even not enough. All these problems can be solved only by respecting individual property rights and improving the fairness and efficiency of use. The deprivation of income rights and property rights of the payers directly contradict the spirit of the property law.

It can be imagined that when the provident fund has become the main source of housing construction funds, the number of willing to pay is less and less. The government has to use strong means to extort.

There are terrible misunderstandings behind China's market economy. For a seemingly glorious goal, property rights can be swept into the dustbin. Since the use of provident fund is unfair and inefficient, why can't it be used as a great goal for housing construction? The protection of the core property rights of the market economy has not received enough attention so far, and the Communist ideology is deeply rooted in the hearts of the people. How can a 5000 year old civilized country be so lacking in wisdom, respect the property rights of the provident fund payers, get the recognition of the payers through the Internet voting, transfer the provident fund funds into the real estate trust in the form of affordable housing, pay dividends to the payers, and transform the public funds into a fund that has rules to follow, which is not difficult. The key is whether the protection of personal property rights has been put on the agenda.