Stephen Knight

And I think that leads to a worse outcome for New Zealand.

What have you got to say to that?

Okay, let's hear your second argument.

You love saying rort the system, don't you?

I wasn't saying that the economy was going to collapse, Andrew.

You're misconstruing what I was saying.

But what have we got here?

What are some of the other countries you're talking about?

Now, I want to be really clear.

I wasn't saying that it's so complex that you can't figure it out, right?

But what I was saying is if we've got such poor productivity and we are sliding behind, why are we wanting to add another disincentive in or why people would potentially not invest in their businesses?

But what I really want to say here is I want to invoke the spirit of my still living mother,

and say, Andrew, just because everyone else does something doesn't mean that it's right or a good idea.

Because in investing, we often talk about being a counter-cyclical investor, right?

So we're doing things that other people aren't.

And so the way I see it here is, well, why would we want to be like some other countries?

Like, do we really aspire to be Estonia or do we really aspire to be

the Czech Republic, both of which have capital gains taxes.

Why not aspire to be more like Switzerland, which doesn't, and is a very rich country?

Same with Singapore.