well a holding cost on land, reduces the width between the land...

well a holding cost on land, reduces the width between the land rich and land poor classes.

At the moment the gold plated 'tax free' status of OO housing means its capitalised into prices, therefore pricing new entrants - the landless, out.

http://taxreview.treasury.gov.au/content/FinalReport.aspx?doc=html/publications/papers/Final_Report_Part_1/chapter_6.htm

How is tax deductions on interest payments going to help lower income earners?? As shown in America it's stupid tax policy, as it just increases the leverage in households. Households are financially encouraged to leverage... not a good thing.