25 Dec '11, 12am

Sim Ann : Tackling Inequality: Charting our own path.

The PAP has to narrow the income gap even if it means reforming progressive taxes to produce a fairer outcome for our society. Today as the share of corporate profits as a % of GDP rises every year we finding an increasing number of Singaporeans who work full time and cannot make ends meet. In the 2011 GE and PE, the people sent a strong signal and perhaps a "final warning" of sorts to the PAP to get this fixed by the next elections. Today, the PAP is only stretching its safety net to catch an increasing number that have fellen to pverty levels .... It is equivalent to finding homeless people to put into shelters to make the most visible negative outcome of rising cost of housing disappear. The real problem runs deeper and wider - the Occupy movement in US calls it "the 99%" because it is hitting a growing segment of the populace. We have a wider income gap than in US wher...

Full article: http://singaporemind.blogspot.com/2011/12/sim-ann-tacklin...

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