Thank you, Mr. Chair.
Mr. Thomas referred earlier to the wonky economic debate about the marginal efficiency of different types of taxes. The most costly according to most analysis, including analysis done by the Department of Finance, is capital taxes. A dollar of capital gains taxes has the biggest economic negative impact of all of the different forms of taxation. So it would be wrong to say that eliminating or reducing the capital gains tax is going to produce a full 100% feedback effect. I think that would be misleading. But I don't think there is any question, as Mr. Page said at the outset, that this is about choices. We're in a world of debating the fiscal dividend and it seems to me a capital gains tax reduction would be an effective way to move ahead.