How CPF and tax changes contribute to widening income gap between the rich and the poor
OPINION Singapore's income gap is the second highest among developed countries after Hong Kong whose figures are skewed by a disproportionate higher number of billionaires. The rising inequalities are contributed partly by government policies which benefit the rich more than the poor, most notably recent changes made to the...
A national disgrace: NUS stage-managed “forum” for MM Lee
OPINION During the peak of China's Cultural Revolution, Mao Zedong was worshiped by the masses as a god who could not make a single mistake. His public appearances were usually stage-managed beforehand to ensure that only loyal communists with a pure "pedigree" untainted by rightist elements were allowed to catch a glimpse of...
Does GDP growth measure what society values or the progress achieved in a country?
TI CINEMA TOPIC: ECONOMIC REFORMS Source: http://www.youtube.com/v/yJ_ZkVvrYw This clip by The Real News looks at if GDP growth measures what the society values or the progress of the society. Senator Baron Dorgan shares during a senate hearing on usefulness of using GDP as measure of economic progress in US. Martin...
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