24 Oct '11, 2am

"Such inequality has consequences. As peoples around the world erupt in protest .." via @addthis

Millionaires in Singapore continue to grow at an astounding rate. In 2010, our country registered the greatest proportion of millionaire households in the world . And yet the poorest 20 percent of the population saw their incomes stagnate for the past 10 years. More and more ordinary Singaporeans struggle for a living as lines for free meals continue to grow. It was reported over the weekend that demand for free-meal schemes grows from the poor, elderly, sick, disabled, unemployed, and single parents. The uptake for low-income rental flats is also on the rise , a clear indiccation that more and more Singaporeans are unable to buy their own flats. The gini coefficient which measures income inequality is 42.5 (the higher the score the more unequal incomes are). Among 38 advanced economies surveyed, Singapore came out the second highest. The share of income of the richest 10%...

Full article: http://yoursdp.org/index.php/news/singapore/5016-egalitar...

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