This is a huge missed opportunity, unfortunately, as a piece of legislation addressing our taxation system. It uses a scalpel to address the housing crisis—and, ostensibly, also the issue of inequality—when what is needed is a saw. What is needed is a far, far bigger tool for a far, far bigger problem. In fact, as all of us well know—and I'm sure you'll hear from other speakers throughout this House—we've seen in the COVID context that the economic response, that is, the fiscal and monetary policy deployed by both the Reserve Bank and, via Treasury, by the Minister, has seen trickle-up economics, that is, estimated by economists, approximately a trillion dollars' worth of wealth transferred to the wealthiest New Zealanders. 