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Wednesday, September 7, 2011

Greater inequality

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.





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