Mr. Speaker, I used to think that the members of the other party on the other side were simplistic and simple-minded, especially in economics, but what I have found is that they over complicate things, which I guess is a sign of muddled thinking.
Two years ago and last year the government cut the GST in order to, the Conservatives say, stimulate spending in advance of a recession they did not know existed. Now they are creating this fictitious vehicle to stimulate saving. Why not give people the choice and instead of having two separate measures, one for consumption and one for savings, just cut income taxes? Forget the GST cut. Just cut income taxes. Forget this kind of gimmick that they have invented. Why not just give people the choice? The Conservatives always talk about choice but they do not give a choice. They create all kinds of vehicles that complicate life, but make a lot of money no doubt for the banks when they have to start charging fees for these tax-free savings accounts.