Broadly it means that when the dollar weakens such that the price of gold spikes, what is limited capital seeks safe-haven in hard, unproductive assets like gold, oil, art and property.
But the activity of property speculation and the sale of dwellings are just as unproductive and incapable of creating wealth as any other exchange of commodities.
但是倒卖产权以及房产销售同其他日用品交易一样既无甚收益也不能够创造财富。
3
Citing John Stuart Mill, they advocate rebalancing taxation away from earned income towards unproductive assets, notably the wealth generated by the long property boom.