07 Sep '11, 12am

Income inequality in USA

I wish to quote the following article from Wikipedia about income inequality in America, and explain in a separate article why it cause greater to people at the lower income level (compared to a society where the income distribution is more equal). I will also show the how Singapore fare in the Gini index, i.e. it is worse than America. Quote from Wikipedia: Income inequality is the extent to which income, most commonly measured by household or individual, is distributed in an uneven manner. While there seems to be consensus among social scientists that some degree of income inequality is needed, the extent of income inequality and its implications on society continue to be a subject of great debate, as they have been for over a century. A study by the Southern Economic Journal found that "71 percent of American economists believe the distribution of income in the US shoul...

Full article: http://tankinlian.blogspot.com/2011/09/income-inequality-...

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