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PAPareto Principle: Extreme Inequality?

Discussion in 'The Courtyard Café' started by airforceone, Jan 21, 2015.

  1. airforceone

    airforceone New Member

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    http://theindependent.sg/blog/2015/...Feed:+tisingapore+(The+Independent+Singapore)

    I refer to the report, “Richest 1% will own more than all the rest by 2016″ (Oxfam, 19 Jan 2015) – link http://www.oxfam.org/en/pressroom/pressreleases/2015-01-19/richest-1-will-own-more-all-rest-2016

    May I offer a definition for such an extreme form of inequality?

    I call it the “PAPareto Principle”, a variant of the Pareto Principle:

    PAPareto Principle defined:

    “99% of Singapore’s (or any country’s) and its people’s wealth and power are controlled by less than 1% of the people” – the 99/1 rule.

    This is because Singapore’s wealth (significantly under the country’s sovereign wealth funds, GIC, Temasek and its Government Linked Companies or GLCs) and power are controlled by no more than 1% of the population, most of whom are linked to or connected with the ruling PAP government.
     
  2. jw5

    jw5 Moderator Old Timer Old Timer

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    The problem is not Extreme Inequality.

    The problem is Extreme Inequity. ;)
     
  3. Papsmearer

    Papsmearer Alfrescian (InfP) - Comp Old Timer

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    Don't break your brain by devising a new name for it. Just call it by its real name. Old fashion communism.
     
  4. mojito

    mojito Alfrescian Old Timer

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    Everyone thinks they deserve more than others. Demand and supply dictates who gets what. Who are you to claim that it is extremely unfair? :rolleyes:
     
  5. xpo2015

    xpo2015 Alfrescian Old Timer

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    No good to hoard resources in the bank as digits when many are going hungry around the world. Feed the people!! Putting money in the bank is not generating economic activities. Wall street Harvard grads are doing destructive activities to create economic collapse and more job losses because they want millions. How many Nasi Lemak can you eat with one million?

    Are all wealthy people going straight to hell while hungry and poor going to heaven? I would like to think this way please wake up your bloody idea for those who are in pursuit of money. Look at the skeletons of Air Asia flight!!!! Money is useless when you are dead suddenly.
     
    Last edited: Jan 21, 2015
  6. Hans168

    Hans168 Alfrescian Old Timer

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    when fucktards make $100,000 cf to cleaner's $900 that is really > than 99:1 - a new super pareto ratio
    Alfredo Pareto got to make way to HL ParLeeTo
     

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