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Politics : The Trump Presidency
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Katelew
one_less
To: koan who wrote (1731)12/12/2016 7:28:33 AM
From: Bridge Player2 Recommendations  Read Replies (1) of 361653
 
I did read both of the links that you provided in your post.

I am duly impressed with the improvements in education in so many countries of the world. More power to them. And I certainly wish that the United States were more competitive with more other advanced countries, particularly in STEM courses.

One statement that you made intrigued me:

Singapore is number one in pretty much everything. And they have very little income inequality

There is undeniably a significant income disparity between the wealthiest and the poorest Americans. I believe it could be improved in a number of ways, including one (possibly small way) by removing thousands of regulations on small businesses and thus providing incentives for them to be formed, grow, prosper, and create jobs.

I found little in your links about income inequality, however.

I don't know much about relative income inequality among nations.

I did find a chart by Wikipedia that purports to list countries by income equality.

en.wikipedia.org

It lists 2 columns showing the following data:

R/P 10%: The ratio of the average income of the richest 10% to the poorest 10%
R/P 20%: The ratio of the average income of the richest 20% to the poorest 20%

If we accept that criteria as representative of income inequality, and also accept that the data presented is accurate, what it shows for Singapore in relation to the U.S., is as follows:

Richest 20% to poorest 20%:
Singapore 9.7 to U.S. 8.2

Richest 10% to poorest 10%:
Singapore 17.7 to U.S. 15.9

According to this data there exists slightly more income inequality in Singapore than in the U.S. This would seem contrary to your expressed view.

Do you happen to have a link to support your view as shown in the italicized statement?
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