Billionaire Guy Haddleton: No to data centres, yes to capital gains tax | Ryan…

Billionaire Guy Haddleton: No to data centres, yes to capital gains tax | Ryan Bridge TODAY <!--mynz:youtube-chapters--> {"v":1,"chapters":[{"timeSeconds":0,"label":"New Zealand's Past Economic Standing","summary":"In 1950, New Zealand held the 33rd highest income per person globally. This highlights a significant shift in economic performance over time."},{"timeSeconds":38,"label":"Introducing Guy Haddleton","summary":"The segment introduces Guy Haddleton, a billionaire entrepreneur and rich-lister, who joins the program from Rome. He is the co-founder of Datacom and Annaplan."},{"timeSeconds":100,"label":"Haddleton's Critique of NZ's Economic Strategy","summary":"Haddleton criticizes New Zealand's economic strategy since joining the EU, stating the country has been in a structural decline. He believes New Zealanders have failed to invest in themselves and the country's future."},{"timeSeconds":148,"label":"Investing in Infrastructure vs. Importing Resources","summary":"Haddleton argues that New Zealand should invest in domestic infrastructure like solar, thermal, and wind energy instead of importing resources like oil. He estimates that investing $10 billion in NZ infrastructure over 10 years could create 20,000 jobs."},{"timeSeconds":238,"label":"Data Centres vs. Local Investment","summary":"Haddleton expresses skepticism about building data centres in New Zealand, noting that they employ few people and that the money often goes offshore. He contrasts this with investing in local infrastructure and talent."},{"timeSeconds":318,"label":"Investing in NZ Talent and Capabilities","summary":"Haddleton emphasizes the importance of investing in New Zealand's own talent and capabilities, citing examples of successful companies like Rocket Lab. He believes the government should prioritize domestic investment to foster resilience and export potential."},{"timeSeconds":444,"label":"Capital Gains Tax and Investment","summary":"The discussion shifts to capital gains tax, with Haddleton stating he pays it in the US due to dual citizenship. He believes New Zealand should implement such a tax to encourage investment within the country."},{"timeSeconds":556,"label":"Haddleton's Perspective on NZ's Future","summary":"Haddleton reiterates his belief that New Zealand needs to invest in its own sovereign capabilities and talent. He suggests that a capital gains tax would help achieve this by incentivizing domestic investment and job creation."}]} <!--/mynz:youtube-chapters-->