Cullen Financial Advisory Service

Poor Michael Cullen - he wants us to invest in something other than residential housing.

So, let's give Cullen some advice.

- Firstly, drop the 'social wage' nonsense. Since hitting office you've raise petrol taxes, charges for this, that and t'other. Admit that this has left households paying more in tax today compared to 1999. Cut personal taxes, especially for those in middle income brackets. (Who don't invest in business.)

- Secondly, make investing in business a more attractive option. Ease restrictive labour laws, repeal the hundreds of regulations that Government throw onto business each year. Cut company tax so residential housing has a less attractive tax benefit.

- Thirdly, stop government from adding costs to building houses. If councils stop harassing people who want to build on their own land the cost of new developments will fall. In turn, existing houses will fall in value (replacement cost being less than the capital cost) and those in housing for capital gain will find other more attractive investments.

- Finally, give every taxpayer an individual account in the Cullen Fund. Make it theirs to withdraw when they hit 60 (or 65) to buy an annunity, or blow or whatever. Just don't give them National Super.

Implement this and NZers will be much happier investing in business and not housing. You won't even need to tell them!