Name one time in the past 50 years that a western country has nationalized the assets of, and imprisoned or executed a corrupt billionaire found to be violating or manipulating the law to their benefit.

China on the other hand has no qualms with that. Even if allowing the corruption to continue might even be…. Profitable, in some circumstances.

https://amp.theguardian.com/world/2021/jan/05/china-sentences-top-banker-to-death-for-corruption-and-bigamy

https://www.bloomberg.com/news/articles/2011-07-23/china-executes-14-billionaires-in-8-years-culture-news-reports#xj4y7vzkg

allowing members of the bourgeoisie to hold political power is pretty much the definition of revisionism.

Here's one of the holes.

Being a member of the CPC doesn't grant you political power any more than being a registered Democrat or Republican does. You get a vote in party matters just like Pubs and Dems get a vote in closed caucuses or primaries, and that's the extent of 'power' you get it at basic membership.

Being a wealthy party member gets you less advantage in the CPC because of the strict regulations on how money can be used in politics, i.e. you can't influence through donation. You also get excluded from considerstion for promotion. You get the same voice as every other member, and put on committees that match your area of expertise, but you're not on the promotion track toward the Central Committee if you're a billionaire.

Jack Ma built up Ant Group in the private sector and got rich but not promoted, Jiang Zemin built up First Auto Works in the state-owned sector and got promoted but not rich. They are not the same.

First of all, don't start by assuming there is anything to refute - never accept the premise of an anti-communist argument without investigating whether it's actually true! Does China really have billionaires in the ranks of the party or is that just a myth that has been popularized to try and discredit the CPC in the eyes of gullible western leftists with ultra tendencies? If they do then how many and in what positions? What is the proportion of capitalists to non-capitalists in the party, and more importantly how much actual influence and power do they really have?

Do not simply accept the framing of these sorts of "gotchas", you must always dig deeper and investigate beyond the cliche phrases and surface appearances, instead looking into the actual dialectical conditions that exist. Whether or not individual capitalist elements are allowed in the ranks of the party says nothing about the fundamental class character of the party itself. If the party was supposedly taken over by revisionist and bourgeois forces, then how is it that the way the Chinese state and economy are run and the results that their system produces are still so radically different from what we see in Western capitalist systems? If the same class is supposedly in power in China as in the West why are they not experiencing the same social and economic dynamics? If the CPC is so revisionist why has it not liberalized the country into the ground and abolished itself like the CPSU did once it was hijacked by revisionists?

And bear in mind that what happened in the USSR happened despite there technically being no capitalists whatsoever in their ruling party right up until that party voluntarily totally disempowered itself and dissolved the dictatorship of the proletariat handing the country to the enemies of the working class on a silver platter. Clearly one must look not just at the composition (though that also matters) but at the guiding ideology and the dominant political line within the party, in addition to how the party is organized and how it governs in practice.

And yet china refuses to make policies that support billionaires and benefit the bourgeoisie class specifically, they instead do the opposite and fuck them over to the point where western media makes articles about how china is fucking over billionaires as if that's a bad thing.

That's what separates MLs from reactionaries and people like maoists who do not understand dialectical materialism and operates on idealism and being dogmatic.

If china really were revisionist they would be stripping social safety nets, reducing funding for public infrastructure, increasing privatization of everything that's currently public and increasing policies favoring the bourgeoisie. Change happens in elliptical motion. For example when the USSR became revisionist they switched over real quick and policies favoring the proletariat were quickly stripped away in favor of pro bourgeoisie ones. The revisionists in powere immediately enriched themselves with this.

Maoists and reactionaries don't look at objective material reality.

A rule of thumb is to look at Deng vs Gorby.

Deng's reforms are actually less drastic compared to Gorby's. What Gorby did was essentially fuck the country over and let the boojees run amok. Deng on the other hand said "hey, you boojeee scum can exist for now. But cross the line and you're fucked"

The amendment to the constitution of the CPC in 2002 allowed "any advanced element of other social strata" to join the party, this was and still is controversial even among party members.

Private entrepreneurs do not equate to capitalists, though they do attract the same negative sentiments due to capitalistic tendencies. There are national laws and party rules/regulations that prevent both civil servants and party-member leading cadres from holding posts in private enterprises. So private entrepreneurs can join the party, but cannot hold government or party posts unless they stop participating in private businesses.

From Law of the People’s Republic of China on Civil Servants:

Article 59 Civil servants shall abide by disciplinary rules and laws. They shall not commit any of the following acts:

(16) Engaging or participating in for-profit activities and concurrently holding a post in enterprises or other for-profit organizations in violation of relevant regulations;

Maybe you find this essay has some useful ways to think about it: https://redsails.org/china-has-billionaires/

It quotes from mainstream media sources to support the charge that the communist party keeps their reins on the billionaires in a way that just doesn't happen in capitalist countries, with an eye towards long term goals.

The wierd thing with this argument is that there isn't even a clear contradiction with the very basis of Mao's action and theory. Just look at the flag of the PRC : it is a reference to a speech where Mao defines the four classes of Chinese society that converges towards the Party (hence the four stars pointing at one big star). Those four classes are, obviously the proletariat and peasantry, but also the urban bourgeoisie and the national bourgeoisie. Note that there is no ambiguity on what bourgeoisie means here, since there is two dedicated stars to include both the intellectual and cultural elite but also the national-level property owners.

If the national bourgeoisie is represented on the flag of the PRC as a class that is united with the others around the Party then why would they be barred from entering the party like every citizen who's able to pass the test.

Mao was never about pressing the Communism button and destroying the national bourgeoisie, he was about building the ship that will eventually lead the people to Communism after a long trip where the national bourgeoisie has a role to play.

One of the stars on the PRC's flag is for the petite bourgeoisie. It's a continuation of new democracy (https://en.prolewiki.org/wiki/New_Democracy) started under Mao.

Maoists don't care about any of this, yesterday I had one tell me Chinese people were "literally fleeing" the countryside after the communes were disbanded. When I pointed out they were now staying in the countryside (since at least 2018) because the level of development was catching up to that of the cities, they suddenly disengaged.