I would agree with that.
In the information we looked at from the British experience, that was one of the conclusions of the ISA study. What happened in the U.K., as I said, was the ISAs were introduced in 1999, and they had a sunset clause that they were going to be under review in the year 2007. They did an extensive study on the ISA holders at that time and exactly what types of new savings they were trying to generate, because when the ISAs were introduced by the then Labour government of Tony Blair, they said the goal of the ISA was in fact to encourage low-income and middle-income earners to save and participate.
The study that was concluded in 2007 indicated that there was a take-up rate by that cohort; however, the largest take-up rate was in the upper income levels. There was definitely a reshuffling of assets or money out of taxed accounts.