Wealth Tax is a terrible idea

Suddenly, there is talk about a wealth tax in Singapore.

The very fact is, the wealthy ARE already paying a lot of forms of wealth tax. There should not be yet another layer of tax that targeting the rich.

This is punishing success. It should not be encouraged.

https://www.bloomberg.com/news/articles/2021-11-17/singapore-wealth-tax-not-so-easy-prime-minister-says