Addressing income inequality – Who pays?

In Singapore, the top 10 per cent earns 30 per cent of all household income while the bottom 10 per cent earns 1.6 per cent. While income inequality has been a fact of life since the 1980s, the government is now hoping to make right the imbalance and do more for the lower income group. If addressing income inequality means more social spending, who should pay? Associate Dean of the SMU School of Economics and Professor of Economics, Hoon Hian Teck joined a panel discussion to provide his comments on whether Singaporeans are willing to pay more taxes to help create a fairer and more equal society, and whether it warrants the shifts in role of the government, policy actions and implications.

Source
Channel NewsAsia