Australian Labor Tax Blowback

In fact, interestingly uh blowback on Elbow. So yesterday I'm reading Cross the Ditch headline, Cross the Ditch question mark. Startups told to do it in New Zealand to dodge CGT. And so this was part of the whole pushback, as I was explaining earlier on in the program is the business of young people who are starting businesses, taking risks. And this is these are the people that Elbow's chasing. And so I note that on Sky this week, Nicola Willis was quote Australians looking to start or grow a business, have an epic opportunity, and that opportunity is to do it in New Zealand. No capital gains tax, very simple tax system, broad base, low rate. We keep it simple. We allow you accelerated depreciation and deductibility on your capital investments. You've got a government that's very pro-growth, anti-red tape. We're on a reforming mission to make this one of the best places in the world to do business. So my point would be where the bloody hell are you? So that's Nicola Willis on Australian television. And I get a vibe this week. It's just maybe I was downtown in Auckland and maybe I've just talked to a few too many people, and maybe I'm looking at too many stats or stuff. It does seem to me that New Zealand's on the turn. Now I know that there's this this this conflict, and I know the straits not open, and I know times are tight, and I know prices are rising. I get all of that. But I do get uh a sense that there is something about the place that we've got just if it's not a spring in our step, we're thinking about putting a spring in our step. We're just it feels to me like we just might be on the cusp of something. Interestingly enough, also I'm noting that Air New Zealand were commenting out of this trends thing. So trends we told you earlier on the week, big international tourism conference. It was held at the International Convention Center, so that's one thing. A lot of people come into the country and spend a lot of money for Auckland, so that's good. But there were hundreds of people from all over the world who are in the business of tourism. Air New Zealand, once again, and they're you know, so yes, they're beleaguered at the moment, yes, they've got problems. But you saw the announcement this week, three new routes out of Christchurch. Brilliant, brilliant. That Perth thing, by the way, and I did couldn't tell you at the time because I knew but I couldn't say it didn't want to break the embargo. But the Perth thing is a lot of it's about the uh fly and fly out thing, and that's massive. And you can't argue with the fly and fly out thing, and that's why they've gone to Perth, because obviously it's one thing to go to Tokyo, it's another thing to go to Singapore, you fully understand that. But then I said to um Nickel the other day when he told me, I said, Why Perth? And he goes, fly and fly out. It's massive. And so they're tapping into that. So good on them. Anyway, back to trends. Air New Zealand saying the demand for premium is strong. This is what I keep trying to tell you. And they're seeing huge numbers, not just numbers of passengers, but numbers of dollars from those passengers, particularly from America, and it's premium, it's front of the plane, it's business class, honeymoon travel, young couples, their word, eye watering, eye watering is the money they're spending. So they're taking whatever it is, 52, 34 American cents and they're turning into um you know, a New Zealand dollar. Huge chunk of 55 plus demographics, they're outliving their ability to spend their wealth. They've got more money than they know what to do with, for goodness sake. So you can't argue with them. Nine away from nine.