Andrew Nicholl

And also past experiences.

I remember one of our property advisors, Ben King, went to go and rent a property in Kashmir.

He already had a cat.

And the landlord, who's actually a well-known landlord from Christchurch, said, absolutely not.

I had a bad experience with a cat 13 years ago.

No cats ever.

You can have something else, but never having a cat.

So that doesn't stand up either.

I'm Jim Nicholl.

I think all of my investors are going to hate me for saying this, but I genuinely think that we should have one.

And if you did introduce one, then you can tax those assets going up in value and you can offset...

that because you're collecting more revenue now.

You can offset that by reducing people's income tax rates.

And right now, the top tax rate is 39 cents in the dollar.

That's quite a high percentage.

And we do just take a huge amount.

We disincentivize people from working harder and harder and earning more money when, you know, if a property goes up in value, you haven't had to really work for that quite the same way.

So I think, well, if we take money out of that asset pool and

and we deliver that to the economy and we can then reduce people's income tax and they can work a bit more and build their wealth or have more control of building their wealth that way, I think that's a better outcome.

And if we look at it that way, you can raise a lot of money through capital gains tax and offset that income tax and so we're revenue neutral.