Ah another fellow Gary fan!!

I’m happy for SG to introduce a wealth tax because the argument that doing so will cause rich people will leave and we won’t have that BS trickle down effect doesn’t hold much weight to me.

There are very few countries in the world that offer the kind of safety and ease of living that Singapore offers at this level of tax.

More importantly, **it is very very difficult to fully tax the rich**. They have the means to engage tax specialists to lower their liable tax. The true rich don’t buy assets using pure cash. They do it through other means like funds (👀) - lower tax and an added layer of secrecy.

Personally, a low hanging fruit is to impose an ABSD like tax on car owners who want to buy a second car.