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21-01-2015, 11:30 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
http://theindependent.sg/blog/2015/0...t+Singapore%29 (http://theindependent.sg/blog/2015/01/20/papareto-principle-extreme-inequality-richest-1-will-own-more-than-all-the-rest-by-2016-oxfam-19-jan-2015/?utm_source=feedburner&utm_medium=twitter&utm_campaign=Feed%3A+tisingapore+%28The+Independen t+Singapore%29)
I refer to the report, “Richest 1% will own more than all the rest by 2016″ (Oxfam, 19 Jan 2015) – link http://www.oxfam.org/en/pressroom/pr...-all-rest-2016 (http://www.oxfam.org/en/pressroom/pressreleases/2015-01-19/richest-1-will-own-more-all-rest-2016)
May I offer a definition for such an extreme form of inequality?
I call it the “PAPareto Principle”, a variant of the Pareto Principle:
PAPareto Principle defined:
“99% of Singapore’s (or any country’s) and its people’s wealth and power are controlled by less than 1% of the people” – the 99/1 rule.
This is because Singapore’s wealth (significantly under the country’s sovereign wealth funds, GIC, Temasek and its Government Linked Companies or GLCs) and power are controlled by no more than 1% of the population, most of whom are linked to or connected with the ruling PAP government.
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?198528-PAPareto-Principle-Extreme-Inequality&goto=newpost).
http://theindependent.sg/blog/2015/0...t+Singapore%29 (http://theindependent.sg/blog/2015/01/20/papareto-principle-extreme-inequality-richest-1-will-own-more-than-all-the-rest-by-2016-oxfam-19-jan-2015/?utm_source=feedburner&utm_medium=twitter&utm_campaign=Feed%3A+tisingapore+%28The+Independen t+Singapore%29)
I refer to the report, “Richest 1% will own more than all the rest by 2016″ (Oxfam, 19 Jan 2015) – link http://www.oxfam.org/en/pressroom/pr...-all-rest-2016 (http://www.oxfam.org/en/pressroom/pressreleases/2015-01-19/richest-1-will-own-more-all-rest-2016)
May I offer a definition for such an extreme form of inequality?
I call it the “PAPareto Principle”, a variant of the Pareto Principle:
PAPareto Principle defined:
“99% of Singapore’s (or any country’s) and its people’s wealth and power are controlled by less than 1% of the people” – the 99/1 rule.
This is because Singapore’s wealth (significantly under the country’s sovereign wealth funds, GIC, Temasek and its Government Linked Companies or GLCs) and power are controlled by no more than 1% of the population, most of whom are linked to or connected with the ruling PAP government.
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?198528-PAPareto-Principle-Extreme-Inequality&goto=newpost).