[b0son]

One of the reasons there's a CGT discount is because *investing* provides an economic benefit. Shares provide capital for companies to invest in growth which creates jobs/exports/etc. Building *new* houses creates construction demand, which again supports jobs.

What does sitting on land give back to the community? What does flipping established homes give back?

We don't give any sort of tax discounts for bank interest, perhaps we should start doing the same with some real estate 'investments' too....