Property Tax is a wealth tax

‘Property tax is a wealth tax, levied on property ownership.’ This is
the reply from Kelly Wee, Director(Corporate Communications), Inland
Revenue in her letter in the ST forum on 15 Dec. She was responding to
complaints by the public about the property tax levied on HDB owners.
This tax on HDB properties is now subject to a lot of public criticism
as many now realized that they are but 99