Income Inequality in Singapore

Income inequality has been a hot topic in Singapore for a long time. On one side, we have outspoken individuals, opposition groups and independent media outlets constantly shoving Gini Coefficient comparisons between Singapore and other developed nations into our face, usually ending with the conclusion on how far we are lagging behind these other countries.On the other side, our government continues to reassure us that all is fine, and that they are doing a good job with wealth transfer, where taxes are taken to help reduce the income inequality between the rich and the poor.So who should we believe? And if income inequality is really a problem, just how bad is it?