Hong Kong — sanctions-buster, grade inflation tricks parents and other commentary
The article discusses various issues including the role of Hong Kong in facilitating sanctions evasion, the impact of grade inflation on education, and the potential consequences of a wealth tax in California. It highlights concerns about how Hong Kong's corporate laws enable illicit business practices that undermine U.S. interests. Additionally, it addresses the challenges parents face in understanding their children's educational performance due to grade inflation and the implications of tax measures on non-billionaires in California.
- ▪Hong Kong's corporate law allows firms to exist as shell companies, facilitating the disguise of ownership.
- ▪Grade inflation has led to actual proficiency rates among eighth graders in reading and math falling below one-third.
- ▪California's proposed Billionaire Tax Act could result in a $25 billion loss for the state, impacting non-billionaires and their savings.
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Opinion editorial Hong Kong — sanctions-buster, grade inflation tricks parents and other commentary By Post Editorial Board Published May 29, 2026, 4:37 p.m. ET A drone view shows cargo ships sailing in Hong Kong, China, October 17, 2025. REUTERS See more of our coverage in your search results. Add The New York Post on Google Conservative: Hong Kong — Sanctions-Buster “The U.S. can’t stop the illegal flow of oil solely by chasing tankers at sea,” warns The Wall Street Journal’s Jillian Kay Melchior; it must also “target part of the financial and corporate infrastructure” — much of it in Hong Kong — that enables commerce in sanctioned goods.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at New York Post.
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