Thank you, Mr. Chairman, and thank you, professors, for joining us today.
I have just a couple of questions. As you know, you live in academia, and we live in politics. Raising the amount of money you can make before the top rate kicks in might be a little bit difficult politically. I actually made that argument with my colleagues on this side of the table for this last budget. If we do it for the one rate, should we not be moving the income levels up for all the other marginal rates that exist? That's my first question.
Second, based on the models you've been working on, does that still generate enough revenue to run the government?
Does anybody want to answer?