Can you tell me what is good about having ridiculously high income inequality and how it does not affect the well being of a country and its people.
Tuan,
when Karl Marx formulated his ideas, was the term Gini index invented?
Can you tell me what is good about having ridiculously high income inequality and how it does not affect the well being of a country and its people.
Tuan,
when Karl Marx formulated his ideas, was the term Gini index invented?
ZH, smart boy do some quick homework lah.
Typical IB. I have explained it many a time but you cannot seem to understand like when you gave the lousy calculation and explanation for CPF.
For novices like you, here are some leading questions found a good textbook.
Is Gini calculated before or after taxes?
Is there a relationship between social security and GINI?
Is social security planned based on GINI?
What is the purpose of having GINI?
What social implications will happened when GINI approaches 1? What happens when it approaches 0?
Bonus question? Did it occur to you to ask such questions when looking at the term GINI?
Can someone please explain to me what exactly is bad with income inequality and how it actually affects the well being of a country?
U either have no idea how to read or have comprehension level of a 5 yr old. Which part of
indicates that I know anything about how income inequality can affect the well being of a country. U might actually do a better job at arguing your point by actually start making some example of the ills of income inequality
And U want income equality at it's best, here are a list of countries that tried to do it but forcing it down pple's thoat
Soviet Union
Communist China during Mao's era
North Korea
Cuba
U can hardly get more equal then them
U either have no idea how to read or have comprehension level of a 5 yr old. Which part ofindicates that I know anything about how income inequality can affect the well being of a country. U might actually do a better job at arguing your point by actually start making some example of the ills of income inequality
And U want income equality at it's best, here are a list of countries that tried to do it but forcing it down pple's thoat
Soviet Union
Communist China during Mao's era
North Korea
Cuba
U can hardly get more equal then them
I'm always fascinated by pple's obsession with the Gini index. Can someone please explain to me what exactly is bad with income inequality and how it actually affects the well being of a country?
lol. If I have a comprehension of a 5 year old, I write and think pretty well. lol. Based on my writing and supposedly be 5 years old in comprehension, my IQ would by above 180, though it is true I have been assessed to have superior IQ at 10. But I do not subscribe much to IQ tests and it predictive ability.If you want to say I am smart and know more than you on the issues at hand, relatively speaking, compliment accepted. Like I said you know nothing about GINI. You just want to forward the point that you are right and PAP will save Singapore. People get by in the end. BTW if you go read the wiki link provided on Soviet Union, you will know that it is not equal as you think if you look only by GINI. If you seriously want to advance to the modern man in brain capacity, give up one line arguments and start looking at facts and concepts in relation to one another. Ceterus paribus arguments are meant for easier understanding of singular phenomenon but the world operates in multidimenions, independently and not much mutually exclusive. Sign of a PAP arguments is everything is mutually exclusive, Cro Magnon level of development
U have the amazing talent of saying a lot without answering anything.
I asked a very simple question which is related to your argument. U keep going on and on and on about the Gini coefficient. And how Singapore is bad because our score is bad. The Gini Coefficient is essentially a measurement of income inequality and according to U, it is bad. Fine.
I never argue that it is good. Please point out any part of my argument that I ever claim it's good. And I am not arguing against the need to bring down income inequality. I ask a very simple question
Why is income inequality bad? This is a very simple question. I didn't say it is good, I didn't say it was bad I am going by your claim that it is bad, and asking why U think it is bad. If U think it is so bad, please give example of what income inequality is causing to society that is so bad.
Since U keep claiming it is bad, U obviously have to know why it is bad else U're nothing more then a moronic parrot repeating it over and over again just because it is there. Again Please answer my very simple question. WHY IS INCOME INEQUALITY BAD FOR SOCIETY!!!!!
answer me answer why is Income INEQUALITY GOOD? ANWSER ME DOG! LOL
Vs a guy who earns $10K a month
Pays 30 yrs for his condo
Goes to a restaurant every other day
Spend money on car
And the rest on his family
if he falls ill or loses his job, the same is going to happen to him. Pple with higher earnings basically have the same problems only scaled upwards. Even a multi millionaire can lose his entire fortune with 1 wrong move. The better off can fall back to their savings while the poor has certain schemes for the poor to see them through the worst of times.
At the end of the day being able to own a flat in 30yrs still beats having to continue to pay rent after 30 yrs and his kids will rip the rewards of his hard work
Char_Azn said:I'm always fascinated by pple's obsession with the Gini index. Can someone please explain to me what exactly is bad with income inequality and how it actually affects the well being of a country?
Given the expense Sam has to pay to maintain the servers, we should whole heartedly agree and support him in his course by confiscating his salary short of 3USD/per day and put it into the Sammyboy forum fund. Most bros here have no problem supporting income equality as long as we are on the rich end of things.Ask your Master if you don't know the least you talk about it the better. I have yet to hear any politician from the ruling party try to defend its performance on this indicator. Only IBs try to do so.
zhihau said:Tuan,
when Karl Marx formulated his ideas, was the term Gini index invented?
You are right a Gini index has nothing to do with Karl Marx, socialism or capitalism. But it has everything to do with the degree some people are being exploited.
It affects, though not the most accurate indicator but then all indicators by themselves are inaccurate unless viewed with other indicators. There is no all mighty indicator. The current Singapore GDP pie if divided evenly is greate for everyone. But when Gini approaches one, only 1 person has access to the entire pie to eat. Everyone else just drools in hunger and here things happen, like people killing that one person for the pie. Which is why income inequality too extreme is bad. Income equality to the extreme as it is better to bum around.I am unsure how many % of the voters are interested in all these political or economical theories. But commoners like me and perhaps my relatives and neighbours are more interested in how much money can our business bring in and how much rental yield could our properties gain.
Income equality to the extreme as it is better to bum around.
Eh, PAP IB dog, answer me answer why is Income INEQUALITY GOOD? ANWSER ME DOG! LOL