Stamp duty is not a property tax its a transaction tax.
Stamp duty is lip service to the property issue.
Stamp duty is more about preventing speculation and flipping housing by gambling.
Property tax is more about fraud and the prevent of industrial fraud and ponzi schemes like those from the bankster debt manipulators in alliance with the rentiers to repress via asset inflation against those simply trying to earn a living!!
Remember income is taxed every year so for fairness property also should be taxed every year based on price particularly when assets simply represent future income streams anyway!!
Investors are not necessarily the problem but property obsessors from the league of rentiers clearly are as the elite try to trap average working folk through asset inflation and loan requirements!!
