I'm sorry. I hate to interrupt, but I have a fairly focused issue that I'd like to try to get a response on. The government has said they're increasing the capital gains inclusion rate, which means that builders will pay more tax in capital gains when they sell the projects they've built.
From an economist's perspective, doesn't that put a damper on risk-taking in terms of building new residential projects? Aside from knowing the details of the legislation, just in principle, as an economist, don't you think that increasing the capital gains tax would make it less likely that someone might build an apartment building or a tract of homes?