So no one is saying that it's a silver bullet or it's going to solve the housing crisis to have a capital gains tax, but there is no doubt that it would take the edge off and remove the perverse incentive to constantly put more money into property, and, importantly, it is a fair thing to do. In the past three years, the owners of property and other assets made over $250 billion of tax-free capital gains—just in the last three years. Applying a pretty reasonable low tax rate to that would have easily covered the Government's $50 billion COVID recovery fund, and it would have been fair. The wealthiest people, many of them know this and are begging Governments to tax them, because they know they can't, on their own, with their personal wealth—they might be able to buy another personal jet or a few more houses or whatnot. One, that doesn't buy you happiness, and, two, that doesn't buy you a country where you can look around and see that your fellow country people have the same opportunities that you and your children do. Most people who value fairness and equality want to see that and want to contribute to that, and they know they can't do it by themselves. It's a systemic fix. It needs to happen, and we need our political debate in New Zealand to confront that. 