I think the big challenge with wealth “redistribution” is that it always makes it worse. The rich aren’t stupid and find plenty of ways to hide their money and move it elsewhere. It also ends up ruining those people who want to keep their funds in local banks and currencies.
Where we can truly redistribute wealth is by doing investments into infrastructure. When we build new roads, bridges, repair things and use the tax money to maintain the areas we live in, they will often hire local workers and those people will stimulate businesses. That’s the best way to get money out into the community. Not taking it from the boogeyman.
I'm learning more about Singapore's housing plans and the rules that regulate them. If I want to argue how to solve the problem, I got to find what already exists that works in some other capitalist system.