Right. It seems to me that this is almost a comedy of unintended consequences, were it not for the fact that so many people have suffered so seriously. It seems to me that tax fairness is in fact tax unfairness when ordinary people can no longer invest in these entities and you have to have very deep pockets to buy the underlying assets.
Advantage Canada has disadvantaged Canada when energy trusts, which had previously been net foreign acquirers, are now all being bought up. And perhaps most strikingly, stemming tax leakage has turned into creating tax leakage. Income trusts, largely through personal tax, I guess, were paying lots of tax revenue to the government. Now if BC is sold to a combination of pension plans and private equity concerns, the tax revenue to the government will be next to nothing.
Particularly on that last point, I wonder if perhaps Mr. Kesteven could comment on how one could possibly argue any more that this government action would be stemming tax leakage when in fact it appears to be creating less revenue for the government.