[Charts] How Singapore’s Growing Income Inequality is Detrimental to Our Country’s Future

Earlier this month, I gave a talk on how the growing income inequality is detrimental to Singapore’s future. Below are the charts that I had presented.

I explained how the income inequality in Singapore really started worsening from the mid-1990s onwards and how the causes of it was due to the policy changes from the mid-1980s and the PAP’s change in its principles from 1982.

Things really started getting worse after Lee Kuan Yew and Goh Keng Swee got Rothschild in to advise on the GIC in 1981. Thereafter, the PAP started creating policies to siphon off Singaporeans’ CPF.

You can also watch the video here.

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12 comments

  1. Norman Wee

    I am curious just how many Singaporeans understand what he is trying to fart.
    The last round it was Lee Hsien Loong who helped Singaporeans to understand by suing Roy.

    • Eddie

      And you continue to fart in Roy’s blog? Go find your own toilet Norman Wee. You stink to the high heavens with your useless remarks. Get lost.

  2. Eddie

    Plenty of good research here and I am surprised given that Roy is not an academic.

    I hope to see some good debate. Income inequality can create problems. It is not only in Spore but in many other countries. However, Spore is very small and hence discontent can also be magnified with just a few % change in votes.

    I wonder whether the lower income are happy enough? If not, how will they translate that into votes? A hungry voter is an angry voter.

    • hihi

      really good research?
      I doubt so…
      I can see the hard work put into it but certain data doesn’t tally what you are trying to express
      Take a look at one of the bar chart
      indirect tax expressed in % of income tax
      I don’t see how if having one of the lowest income tax among the ‘developed countries'(you use to compare with) and you use it to express as a base for indirect tax, it will definitely come up the highest….
      So what’s your point here?
      would be correct if you express indirect tax as a % of income and better if you combine both income tax and direct tax as a % of income
      you will see for yourself that it is in fact low, if not very low as compared to the so called developed countries that you use to compare with

  3. Singapore Citizen Mr. Teo En Ming (Zhang Enming)

    Subtle Denial of Medical Treatment by the Singapore Government for Mr. Teo En Ming (Zhang Enming)

    Mr. Teo En Ming (Zhang Enming)
    Singapore Citizen
    5 July 2015 Sunday Singapore Time

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