Economics distortions, page-6

From Investopedia.

"Tax efficiency is when an individual or business pays the least amount of taxes required by law. A financial decision is said to be tax-efficient if the tax outcome is lower than an alternative financial structure that achieves the same end."

What I see as a very efficient way of accumulating wealth consist in buying a property as the primary residence to be disposed of 10 years later at a very good profit exempted as I said from capital gains tax and accrued to the owner without any risk while he was asleep, then to apply for a new home loan and invest the proceeds from that loan plus the said profit on a better home and to repeat this process as far it can go.