This will limit the control of the rich over key scarce resources  Some resources –most notably housing – are very important to large numbers of people, and owning them gives people a great deal of happiness. This policy will limit richer people owning several properties while others live in rented accommodation or smaller houses, as price competition for such properties will be less intense, and poorer people will be better able to compete through savings. Estimates in 2005 suggested there were 6.8million second homes in the USA1.This is a good thing, as it is likely that a person (or family) values their first property more than another person values their second property, known as the law of diminishing marginal returns. This is perhaps the best example of the ways in which inequality leads to worse outcomes for society.  1 E . Belsky, “Multiple-Home Ownership and the Income Elasticity of Housing Demand”, October 2006