Wednesday, July 11, 2012
The Gini Coefficient
The HK government data is very close to the CIA data, which puts HK at 0.533. According to the CIA, we are comparable to Thailand at 0.536, Paraguay at 0.532, Mexico at 0.517. But we don’t normally compare ourselves with these countries, do we?
How about countries that we do want to compare ourselves with? In comparison, Canada is 0.321, Australia is 0.305, UK is 0.340, USA is 0.450, and Singapore is 0.478. We are very far behind countries that we aspire to compare ourselves with.
We can surely afford to distribute income and wealth more equally. Why don’t we do that? The wealthy and powerful - by being so greedy and selfish in hoarding wealth - are generating and fermenting discontent in society, which will eventually destabilize society. Don’t they realize that?