tax down, and while we are at it remove distortions in the system?" The answer doesn't have to be, 'The Big Kahuna.' The only issue I have with the current tax regime is the current tax regime. As for putting a lid on housing speculation - I didn't know there was any speculation left in the market now? Speculators have on large gone away... gareth morgan's views will make home owning less affordable. that in turn will further impoversive ( in a non economic way) our society.  however the real problem is his diatribes take focus off current tax practice & abuse.  gareth certainly doesn't want tax on financial transactions. thus he doesn't want to look at the speculator who makes $200 000.00 off buying & selling shares. nor the company that takes its profits off shore before tax etcetera. nor at the non tax of the sale of trade me & such.   and if we look at his reasoning, we find in fact little or none - at most  innuendo.  He says - unsurprisingly - nothing could be further from the truth that he & his son advocated a capital gains tax on the money from the sale of trade me & his kiwisaver . he then writes   "the prices paid for both those assets reflected the reality that tax is paid on company earnings each and every year  If that annual tax wasn't paid net earnings would be higher and so would the price the buyer paid for