Jul 7, 2013

China and Singapore. One wants to push high Gini coefficient higher

China and Singapore. One is worried about high Gini coefficient.

While China is worried about its high Gini coefficient (0,474) and wants to bring it lower, Singapore is not worried about its high Gini ceofficient (0.478) and wants to push it higher.

'Lee Hsien Loong, prime minister, said on Friday that if he could persuade 10 more billionaires to move to Singapore, he would, even if that worsened income inequality. That, he said, was “because [billionaires] bring business, they will bring new opportunities, they will open new doors, they will create new jobs”.'
Billionaires and their supercars add to Singapore inequality (July 7th 2013)

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