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Speaker 1: Back to the idea of more foreign investments into this country,

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Speaker 1: particularly for infrastructure. It's a policy in New Zealand. First

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Speaker 1: we'll take to the next election. Apparently Leader Winston Peter says, well,

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Speaker 1: that's very good morning to you.

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Speaker 2: Good morning.

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Speaker 1: It's not something you could roll out now, seeing it's

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Speaker 1: a half sensible idea.

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Speaker 2: That's not bad coming from you. Look that if it's

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Speaker 2: worked in Taiwan, it's worked in Singapore, and has worked

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Speaker 2: in Ireland and worked in places like Iceland and Order countries,

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Speaker 2: of course it'll work here. It is so sad that

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Speaker 2: we who used to think that way have stopped doing

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Speaker 2: it and as a consequence we're paying a huge place

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Speaker 2: for a lack of investment and a lack of infrastructure

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Speaker 2: in our country.

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Speaker 1: How does this doubtail in with what David Seymour was

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Speaker 1: talking about over the weekend foreign money coming in for

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Speaker 1: businesses et cetera. I mean they're all related, aren't they.

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Speaker 1: We need to open ourselves up more to the world.

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Speaker 2: Well I couldn't quite follow what he was saying on

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Speaker 2: that because we hadn't seen that policy, and what he

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Speaker 2: seemed to be saying is a little change the emphasis.

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Speaker 2: So if you there no reason why you can't come.

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Speaker 2: You should be allowed to come, rather another way around

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Speaker 2: putting the barriers ferst and making exemptions. I think that's

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Speaker 2: what he was saying in that document. But our approach

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Speaker 2: has been to say, look, if it's worked seriously o

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Speaker 2: diseas and we definitely need the money because we've sailed

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Speaker 2: to put a we've failed to put away a savings

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Speaker 2: fun we've failed to save in the past and give

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Speaker 2: us the capacity to do what Singapore has done because

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Speaker 2: of a sovereign fund or Norway has done. Then we

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Speaker 2: need to find the money and humble ourselves and get

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Speaker 2: it and get our economy back in the state it

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Speaker 2: should be where we can be. You know, but at

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Speaker 2: the very front of the world's economic performance countries.

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Speaker 1: From luxan'se travels and your travels as foreign minister, you

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Speaker 1: would have no doubt there is one money out there

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Speaker 1: to be spent and to money that would come here

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Speaker 1: if we were more open to it.

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Speaker 2: Oh, most definitely you're right on both counts. But the

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Speaker 2: god they want the question to answered, why do we

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Speaker 2: why would we come to New Zeman, And we have,

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Speaker 2: over a long period of time, failed to answer that question.

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Speaker 2: I can pull Ruth richardson Circle only ninety one going

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Speaker 2: offshore days with the whole ot of business people and thought,

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Speaker 2: she's going to fail for certain because she can't answer

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Speaker 2: the question why would I pick then over another country?

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Speaker 2: And we have failed to answer that question for a

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Speaker 2: decade after decade. It's he's disappointing. We need to answer

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Speaker 2: that question. Now.

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Speaker 1: What is the answer?

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Speaker 2: Well, because it's worth of it. We've been centivised it.

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Speaker 2: You're going to get guarantees that you will get advantage

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Speaker 2: by investing in New Zealand. Why Well, I think that's

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Speaker 2: important because if we've got nothing, then we haven't got

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Speaker 2: business workforce, a workforce like we need. If we get

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Speaker 2: that workforce being paid wages, and then all of a

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Speaker 2: suddenly our comedy is going to be strengthened by the

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Speaker 2: intervention of foreign money. I'm not talking about global foreign ownership.

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Speaker 2: I'm talking about a willing investor to our mutual advantage.

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Speaker 1: So like a PPP. Yes, right, so the government's already

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Speaker 1: talking about that. But back to my original question, why

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Speaker 1: are we doing it right here right now? I mean,

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Speaker 1: why do you have to wait until twenty twenty six

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Speaker 1: In Seymour's Meed's talking about passing the legislation by the

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Speaker 1: end of twenty twenty five. Why don't we just do

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Speaker 1: it because you all seem aligned on the idea, Why

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Speaker 1: don't we just do it now?

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Speaker 2: Yes, but once so many years and I've heard this

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Speaker 2: sort of what I call neo li or eclectic view

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Speaker 2: that tax policy should be neutral, that you cannot pick winners,

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Speaker 2: when every other smart country has been doing precisely that,

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Speaker 2: And that's what our problem is. They're paralyzed by their education.

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Speaker 1: What tax of it, what tax treatment or incentivization needs

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Speaker 1: to be implemented to get the money here.

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Speaker 2: Well, you've got to say, if you come to this country,

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Speaker 2: then you're going to get an a balance to do as

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Speaker 2: will match most of the best in the world. Your

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Speaker 2: taxation will be substantially lower than it would have been

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Speaker 2: in another country, and therefore this will be a wise

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Speaker 2: country to invest in. I did it, Singapore, did it? Taiwan?

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Speaker 2: Did it? Taiwan? Look the variations on a theme. Taiwan

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Speaker 2: had seven, ten, and even forty new tax breaks to

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Speaker 2: get something started in the second highest population density country

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Speaker 2: in the world with no resources.

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Speaker 1: When at some point and it's not with equity firms,

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Speaker 1: but it might be with a bloke from wherever who

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Speaker 1: wants to invest ten twenty million dollars into this country

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Speaker 1: to start a business and employ some people. But at

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Speaker 1: some point you're going to have to deal with your

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Speaker 1: I don't like foreigners buying houses thing, aren't you?

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Speaker 2: Oh sorry, it is going to come in with the

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Speaker 2: lousy twenty million. I think we're not going to be

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Speaker 2: cutting ice for him. But if he's in with a

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Speaker 2: whole or she's in with a whole lot of money

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Speaker 2: beyond that, we'd consider it. Because you know, the first

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Speaker 2: thing they're going to do is spend about five or

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Speaker 2: six million on twenty five million dollars investment. I dream

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Speaker 2: and gone on the house and then it's one quarter

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Speaker 2: gone straight up. Okay, that's good enough.

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Speaker 1: Okay, all right, you're open that you are open to

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Speaker 1: the idea. But because here's my point. My point is

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Speaker 1: that if you want to.

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Speaker 2: Invest in the country as a center for the right

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Speaker 2: investor will consider anything.

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Speaker 1: So because my point is, if you're going to invest

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Speaker 1: some serious money in the country, you want to be

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Speaker 1: part of that country. And if you want to be

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Speaker 1: part of the country, you go to own.

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Speaker 2: A house or a hotel, yeah.

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Speaker 1: Or whatever. But I mean you're you're the one who's

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Speaker 1: prevented that from how opening. So you're at least suggesting

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Speaker 1: the idea that you can change your mind.

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Speaker 2: Now, I'm not the one that's spending that happening. I'm

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Speaker 2: the one that's bending an offshore ownership and mostly absentee

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Speaker 2: houses and remire and leaterally, somebers have walked on by

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Speaker 2: people who are buying houses and it's going to as

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Speaker 2: a bolt hoole. So something to go wrong somewhere else,

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Speaker 2: you know all about this. Look look at John Key's

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Speaker 2: a previous house. Is it it is occupied? No it's not.

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Speaker 2: So here we go again.

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Speaker 1: No, no, we don't get it right. Round up, it's

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Speaker 1: only Monday. I'm just saying that if you want to

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Speaker 1: bring people into the country, eventually they're going to want

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Speaker 1: to have a house, and that.

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Speaker 2: The right person with the right investment will get the

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Speaker 2: right place.

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Speaker 1: Yes, okay, so what is the right investment then?

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Speaker 2: Well, you know, I'm not so arrogant, it's just the

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Speaker 2: right a policy. I want to have a look at

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Speaker 2: the libal investment we require. But let me tell you this.

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Speaker 2: The world is a wash with money. They're looking for

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Speaker 2: a safe place and a secure place with the reason

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Speaker 2: why it's advantageous to companies h and to invest hee

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Speaker 2: it We won't provide that answer. Yeah, the buying a house,

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Speaker 2: if you get the right investor here, who's going to

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Speaker 2: argue about them buying her home? No? Not, it's to be,

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Speaker 2: but it's going to drive that diet. The price house

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Speaker 2: surprises up. When we had under member Labor National, the

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Speaker 2: same money was being rotated through the same bank account

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Speaker 2: as each time they came in and got permission to invest.

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Speaker 2: They were switching onto the next bank acount when over

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Speaker 2: and over and over again, and it made us look stupid, naive.

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Speaker 2: And we've done that sort of thing too many times.

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Speaker 1: Shotting to look at you over the weekend. How did

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Speaker 1: just into price go? By the way?

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Speaker 2: I was friendness two minutes to have. She gave a

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Speaker 2: very good speech. I'm so disappointed that she never got

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Speaker 2: the cover she deserved because it was a state of

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Speaker 2: the art speech in terms of what we believe in.

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Speaker 2: And she's saying, look, we don't want workers and we

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Speaker 2: want real delivery for real problems, and it's not to

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Speaker 2: do with race. She's half Aboriginals. She's half Irish. You know,

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Speaker 2: we're all half something and we like us and that's

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Speaker 2: why we had a We don't betray and ensnare and

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Speaker 2: stare hatefully at our pass in terms of about other

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Speaker 2: blood or other DNA. Some of us are Scottish, some

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Speaker 2: of the Samari Scottish. Nobody's perfect. But the reality is

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Speaker 2: where maybe one people and I've blatness person then, but

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Speaker 2: I achieved ready to come to expect that message because

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Speaker 2: it's not just for this country. But they were the

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Speaker 2: ones that defeated the Voice, which was going to have

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Speaker 2: a very lead to group of Aboriginals running the country

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Speaker 2: or running policy in Australia who had no reference to

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Speaker 2: the audery Aboriginals, just like elitist Mari in New Zealand,

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Speaker 2: and they needed to be stopped in their tracks.

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Speaker 1: My observation of your work over the weekend was that

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Speaker 1: of all the times you've dealt with parties and been

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Speaker 1: in government in the thirty one years, you celebrated your

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Speaker 1: current arrangement White might early days might be the most

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Speaker 1: productive and professional and therefore potentially successful so far. What

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Speaker 1: would your read be?

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Speaker 2: I think to be fair, both had three years working

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Speaker 2: with Ellen Clark, and I said Heather Simpson, and there

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Speaker 2: were people who kept their word like whatever you think,

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Speaker 2: like a bat or don't like thatt Alan Clark. She

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Speaker 2: did take my hand and keep it. Give her worked

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Speaker 2: for three years and I admire that. But on the person,

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Speaker 2: in terms of productive side, I think it could be

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Speaker 2: well right. We've got to make this scholars worked in

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Speaker 2: the interests of this country and reach you know, this

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Speaker 2: country is in such a serious need of being turned

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Speaker 2: around and we can't afford this sort of personal side

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Speaker 2: show that's often his politics. But I think about I

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Speaker 2: regret that some of these journals and somebody in the

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Speaker 2: Herald today actually no no Iran, said Worte of article Dan.

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Speaker 2: I thought, how dare he make that stupid statement? You know,

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Speaker 2: just around five minutes but he makes a cynical statement

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Speaker 2: about the future. He's got no idea what the future

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Speaker 2: is going to be. And Outdoor is to be successful

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Speaker 2: and the government going forward in twenty twenty six as well.

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Speaker 1: Appreciate time as always, which simpleats the leader of New

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Speaker 1: Zealand First. For more from the Mic Asking Breakfast, listen

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Speaker 1: live to News Talks at b from six am weekdays.

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