Tag Archives: gini coefficient

It states that “Economic data tells us that Singapore’s income inequality has been on the decrease since 2007 and stands at its lowest today since official data first became available in 2000. Singapore’s gini at 0.444 in 2000 is lower than the gini of 0.458 in 2016. So, the gini before government taxes and transfers is actually worse now, compared to 2000. Arguably, how much do most of these government transfers really help, when most of them are not cash disposable income, but helps you to pay less of what may be comparatively “overpriced” services compared to other countries

I don’t feel any love or compassion from them. I have not had an inkling of visceral or intellectual contribution by them. In fact, no one has ever shown me the link between their existence in Singapore and the benefits for Singaporeans. In contrast, a snapshot of a society with a benign GINI is Sweden: Concerning the public sphere, there is a strong sense of community and high levels of civic participation in Sweden, where 92% of people believe that they know someone they could rely on in time of need, slightly higher than the OECD average of 90%.

The income gap has narrowed for the first time in four years, with the Gini coefficient — a measure of income equality — falling last year to a nine-year low. And after taking into account Government taxes and transfers, income disparity last year was at its lowest since 2000, when such data was collated.