Thank you.
Mr. Dufort, like you, I'm shaking my head about this increase in the capital gains tax.
All of the indicators from all the experts, including Deputy Governor Rogers, are that we have a productivity crisis in this country. We lag behind Europe, and we lag behind the United States. In my mind, when you increase taxes on capital gains, you're actually taxing productivity, because what you're taxing is the increase in wealth derived from the combination of investment and labour inputs that created that wealth.
Why on earth would a government choose a policy that would further damage our productivity capabilities at the very time we can't afford it?