Matthew Harris

when they announce it or near enough.

And if anything that happened before that date is subject to the old rules, and we had it here a couple of times recently when the Brightline rules jumped up and down.

Remember, we went two years, five years, 10 years back to two.

When it went from two to five, anyone who was already in the old two-year rules was grandfathered.

So it's just a way of saying, well done.

You made decisions based on old rules.

We're not going to make those decisions invalid, which is a correct way to deal with changes.

I like that pulling up the ladder analogy.

I don't want to be cynical here, James, but votes...

i'd agree with that uh and there's been a lot of commentary and and i really love the age of social media because you know right or wrong you get a lot of information and there's a lot of commentary that actually is going to make it a hell of a lot harder with people starting out now growing wealth into the future because they that they're going to be taxed a hell of a lot more which is going to reduce their return over time it makes sense yeah and you talked about um uh like unintended consequences

you you would sell because you're not going to face that tax and and it's like the other potential what did you call it external negative externality negative externality is that the baby boomers because that's what everyone is apparently who owns a house who's not young yeah exactly i'm a i'm gen z mate come at me

Do I not look chintzy?

You know, what if they go, okay, well, you know, the market's not going to perform well from here.

I'm cashing out.

Yeah, and you know if they have to complicate a rule to achieve a simple thing, they haven't thought it out properly.

I love, this is, I'm going to put my captain of industry hat on.

I love changes in policy.

Anytime a client has to ask us to do something, obviously we get an opportunity to charge for that work.

So this is definitely a win for us.

for accountants and lawyers.