The latest government figures came in for income inequality, with a GINI coefficient of 0.452, making Singapore one of the countries with the highest income inequality in the world.
When compared with OECD nations, Singapore ranks alongside Mexico and Chile, which have a GINI coefficient of 0.46.
The Singapore Department of Statistics’ Key Household Income Trends released the report yesterday (Feb 20), with a propaganda twist. The Singapore dictatorship claimed that the GINI coefficient is 0.398 “after government transfers and taxes”.
No country measures GINI coefficient like the Singapore government does because each country adopts different social system. Hong Kong and Macau governments adopt the similar system of distributing yearly cash payouts to citizens, but they do not change massage their GINI coefficient reporting figures unlike Singapore.
In addition, Singapore’s GINI coefficient excludes domestic helpers and construction workers – who earn about S$700 each month. The official inequality figures are heavily tainted with foreigners who are low income earners being excluded from the survey.
In Singapore, elderly people collecting cardboard for a living, selling tissue paper on the streets or working as cleaners in coffee shops is a common sight in Singapore.
The richest Singaporeans are the ruling party ministers, who each draw S$1.2 million to S$1.85 million a year. Dictator Prime Minister Lee Hsien Loong himself alone takes home S$2.2 million a year.