Matthew Harris

And they...

You've shown me a successful business where the owner hasn't worked long hours, weekends, sacrificed family time, sacrificed holidays, taken risk.

I've always thought that the value that accrues to them for doing that shouldn't be taxed because they will pay so much tax on the way through the journey if they're successful anyway.

And you know what will also happen?

They'll tax the gains as they accrue, like interest and dividends, for example.

This is probably like a whole other episode, but I go like, why in Western worlds are they just forever increasing the tax take?

I think Australians, if you went over there and got on the street with your little microphone at the moment, would feel like their culture has been attacked.

I've always viewed Australia as a country that has, in the 200-odd years or whatever it's been around, has done exceptionally well and has done it on the back of people who just go out and do stuff.

And they certainly appear to have a culture that is orientated around like

I think I said in the other episode, so when did it become acceptable for people who campaign to get in and be elected to lie about what they're going to do?

And I definitely agree.

I think there is this narrative in New Zealand around a capital gains tax.

We've done an episode on it.

Our feeling is that potentially there might need to be one, but the timing of that is really important.

But also anytime something like this happens, you're dead right, the Labour government here will be looking and going, we're next.

Yeah.

And lo and behold, tax decisions influence behavior.

How amazing.

Which really they shouldn't.

Yeah, they shouldn't.