I agree. However a caveat for that may be the adequate funding for such long term care. A great proportion of those higher needs residents may require government assistance. There will always be pressure on government to contain the cost of Health care. In the face of the continued absence of a general CGT, how much extra tax on Income will be necessary to fund the medical cost of the oncoming grey tsunami? Will the government need to revisit the means testing threshholds for single and married people?