Since the Government ruled out a capital gains tax in April 2019, CoreLogic shows that the average price of housing has increased by over 50 percent—by almost $350,000. This recent surge shows that merely tilting the balance, as, indeed, these changes were heralded as doing, does not take us far enough. It shows that an over-reliance on economic policies intended to steady the ship in the midst of a global pandemic, instead of directing support to those who are disproportionately exposed, resulted in exactly the disproportional impact—that is, inequality—as predicted by the Reserve Bank of New Zealand and Treasury back in early 2020. 