The second elephant is similar but more specific, and that is the Income Related Rent Subsidy. I see in recent weeks the Minister of Finance has discussed the issue with the Wellington City Council. The intention might be good. However, the subsidy is an incentive not to work. The more the tenant earns, the more rent the tenant must pay. Again, this is an abatement issue. The housing allowances also create problems. These subsidies encourage people to stay at home, not to work, not to relocate, and not to get ahead. It is a bad policy. A universal basic income could be part of the solution. After all, we already have a universal basic income for those over 65, without the punitive abatement rates. 