@Roscoc2000 - the problem with asset taxation, is the biggest asset is the home. Tough penalization for a senior who chose to purchase years ago, and directed "rent" towards a mortgage, even went without many things to pay off that mortgage, and will now lose benefits because their house is an asset. 

The big challenge here is overseas money or assets that are not declared, and the unlevel playing field that arises with so many of our residents and citizens now having dual citizenship.