My Facebook survey showed that 86% of the respondents prefer to have "modest income with greater income equality" instead of "high income with greater inequality".
In this Facebook note, I have made a few suggestions on how to achieve greater income equality - high marginal tax rate on the very rich, minimum wage policy and unemployment benefit. Without these measures, like in Singapore, we will have a high Gini index. We have to implement these policies, like most advanced countries, to reduce the Gini index and to reduce the stress of living in Singapore.
In this Facebook note, I have made a few suggestions on how to achieve greater income equality - high marginal tax rate on the very rich, minimum wage policy and unemployment benefit. Without these measures, like in Singapore, we will have a high Gini index. We have to implement these policies, like most advanced countries, to reduce the Gini index and to reduce the stress of living in Singapore.
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