Friday, July 8, 2011

Do you think that income inequality is widening in Malaysia?

http://yayasan1malaysia.org Poll of the Week:
Do you think that income inequality is widening in Malaysia?
July 5, 2011

aziz fikry mohammad says:
2011/07/08 at 3:02 am
Income equality is an ideal – trying to please everyone could result in pleasing no one. Unless everyone is willing to be equally poor, this requires enormous government intervention, at the expense of democracy. Often, equity is at loggerheads with growth. Growth thrives on competition, which, in the secular sense, is motivated by greed. A popular trade-off growth strategy is to ensure(or assure) basic needs (with the controversial poverty level as the yardstick) for everyone, after which laissez-faire market justice is deemed legitimate. Of course, as much as the healthy athletes would require illegal drugs to beat their opponents, those who are well-off too would resort to the hidden crutch (as opposed to the invisible hand of the free market) to be ahead of their competitors.