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Still, the gains flow to the public employees and teachers served by the two pension funds.
The recent federal budget and statements from treasurer Hockey are in start contrast to US treasury secretary Jack Lew, who said "the ultimate test for all of us will be how inclusive tomorrow's economy becomes and how widely our economic gains flow".
The built-in capital gains flow back onto your tax return over a period of years, and you get the asset out of your estate).
Those gains flow disproportionately to the wealthy.
What's more, those gains flow from only partial implementation.
About half of all capital gains flow to the top 0.1percentt of households, according to The Washington Post.
Similar(53)
Poverty worsened during most of the boom years and middle-class pay stagnated, as most gains flowed to the top.
The United States grew more quickly than Europe in recent decades, but many of the gains flowed to a small slice of the population.
"To the extent that these schemes have stoked demand and so propped up house prices in recent years, they have served to make homeownership even less attainable for many, while increasing the gains flowing to older homeowners who have been the main beneficiaries of the sustained housing boom," he said.
Resolution's chief economist, Matt Whittaker, told the Guardian: "To the extent that these schemes have stoked demand and so propped up house prices in recent years, they have served to make homeownership even less attainable for many, while increasing the gains flowing to older homeowners who have been the main beneficiaries of the sustained housing boom".
Most of the gains flowed to the urban sector, but the growth was rapid enough to draw a lot of the rural population out of the rural sector to higher paying opportunities in the urban sector.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com