Those who have land banks, those who have speculated and sat on inflating assets without breaking a sweat—they have been let off the hook. That hook is the social contract. It is recognising that capital gains don't come about by virtue of one individual's genius, but, in fact, as a result of the investment that all of us, as ratepayers and taxpayers and New Zealanders, make in our communities and our neighbourhoods and in our country, in the infrastructure of the transport projects, in the water, internet, and energy infrastructure, in schools and in hospitals, and in walking school buses, māra kai, and community gardens. 