Katie Gallagher

We're the sandwich.

Poor Generation X. But something has like, I don't know.

Not thought about, but yeah.

I mean, my view on that is that, you know, I don't want to see the boomers demonize.

Yeah, so you're talking about aspiration.

So the first point I make is, and you're not making this point, but I think it's important to be made, is that this is not generation versus generation.

This is a government sitting down with all the information available to us right now, saying what are the right decisions to take for right now to enable as many people, young people as we can, into housing, along with everything else we're doing on supply.

The issue of aspiration, though, is important, too, because you're right.

I mean, people want to work hard.

They want to purchase investments if they're able to do so.

They want to provide for their children if they have them, all of that.

And that's important.

What we're doing in this budget is saying that's fine, but you do that on new homes.

We've got to decouple homes.

what's happening in the kind of established housing.

But the other thing, just quickly, the other thing this budget does, and Jim touched on it before, is we're trying to make rebalance, in a sense, the way we tax income with the way we tax assets to make it a little bit more equal.

It's still advantageous in terms of taxing assets and investments, but

But we need to make sure that we're not disincentivizing or having unfair arrangements in relation to income.

We looked at all of that.

Well, we looked at all of that, and part of our thinking too is what the changes did with the 50% is when they were brought in in 1999, and Jim touched on this, it sort of decoupled 50%.