As a young person who happens to be a top 1% earner and chooses to rent, I sure do feel warm and fuzzy about how the ample tax dollars I contribute get applied to a "home owner 'grant'" that can be awarded to people sitting on an asset that could sell for 7 figures.
http://www2.gov.bc.ca/gov/content/taxes/property-taxes/annual-property-tax/reduce/home-owner-grant/regular

I also feel it's TOTALLY reasonable for the government to defer taxes with only the slightest penalty for people who are having trouble paying the tax on their million dollar places.
http://www2.gov.bc.ca/gov/content/taxes/property-taxes/annual-property-tax/defer-taxes

Look, it's perfectly valid to be concerned about abuses of the system. (Perhaps safeguards could be built in.) But you should also be willing to say "money ain't free" to programs like the ones above and others (which all serve to make real estate an investment asset class attractive above all others and drive the affordability crisis).