What is
making the situation worse
in terms of growth, says Poloz, is that boomers
in the developed world have been putting their
money into
real estate rather than investments that can stimulate the economy.
The great thing about having no capital gains or
real estate tax
in place, is the fact that you get to keep all of the
money you
make,
rather than having to hand some of it over to the government
in taxes.