Let me field that question as an economist.
When we look at the outlook of the Canadian economy, the economy grows because you either have more workers or you use your workers more productively. Productivity, basically, is heavily affected by your capital investment.
When we look at the forecast for the Canadian economy, the trend rate of growth is going to drop from what was 3% in the 1990s down to around 1.5% over the next decade or two. If you think about that, when you add on inflation, that basically means your trend rate of income growth in your economy drops from 5% to 3.5%. That's a 30% drop in your income growth. That's what you tax.
Effectively you're saying the trend that Canada's on—unless we can boost productivity and improve competitiveness—is basically a 30% reduction in the fiscal capacity of governments to meet the priorities they are challenged with balancing.