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The existence of stamp duty discourages people from relocating. Removing it allows people to be more mobile, and is a good thing. :)

I vehemently disagree. Why should somebody with $2M investments and no PPOR miss out on a pension, and somebody with a $2M PPOR and no investments qualify? That encourages people to over-invest in their PPORs rather than other asset classes. If they want to stay put, they can reverse mortgage...