The Dark Shadow Shrine

embrace the darkness; that you may see the light nestled within it......

Saturday, February 18, 2017

Household incomes up, but at a slower pace

Click HERE

Singapore's score dipped from 0.463 in 2015 to 0.458 last year. It stood at 0.470 in 2006. After taking government transfers and taxes into account, this score fell from 0.409 in 2015 to 0.402 last year.

The Gini Coefficient measures the wealth gap....while 0.458 is a dip from previous years, it is still considered an embarrassing high figure for a first world nation like Singapore. Note the govt's defence, which is that it fell furhter to a pretty respectable 0.402 after the govt's social spending.