Thanks very much, Mr. Chair.
My next questions are for Ms. Gervais and Mr. Norejko.
The context of this so-called luxury tax is that many countries have adopted wealth taxes. Canada has not been the exception in terms of the profits that we've seen in certain sectors during this pandemic. In fact, a few dozen Canadian billionaire families have increased their wealth by about $80 billion.
What many countries have done is put a wealth tax in place. That's certainly what many Canadians were calling for in this budget. Instead of the wealth tax, which the Parliamentary Budget Officer said was a legitimate tool and would have brought in billions of dollars of support, the government seems to be spinning around this so-called luxury tax. In a sense, it seems to be making your industry a scapegoat for what really should be a broader fiscal taxation approach that the government has not put in place.
I'm wondering what the impact is of targeting your industry, pilots and owners when the government should have actually put into place a broader wealth tax that—certainly for those who've benefited the most from the pandemic—would have actually been a much more fair and equitable approach.
Do you feel targeted? Do you feel this makes any sense? What is the impact of this government's political spin on this tax, which seems so misguided?