Thank you.
There seems to be a universality of opinion here that the GST cut was probably the worst of all tax policies, but that was...a loonie will get you a cup of coffee at Tim Hortons.
I just want to ask Professor Godbout a couple of questions with respect to consumption taxes anomalies.
The rationale for downing income tax and corporate tax is in upping consumption tax, largely in the area of productivity. Yet the United States has low consumption taxes, but it also has very high productivity.
In your other charts here you have France, which has high consumption taxes and, indeed, high productivity. Can you give me a comment as to the central core of your argument, which is that higher GST and downing your income tax leads to better productivity? Can you explain those anomalies?