Thank you for that.
Mr. Xuereb from Canadians for Tax Fairness, I was interested in your report, which I found on your website, about productivity and capital gains inclusion rates, which I read with great interest. I note that you said in your opening remarks that there is no correlation between capital gains rates, or even, by the look of it, tax rates and productivity, as has been claimed numerous times, mostly by Conservatives, I think, who are trying to push back against this.
What I noticed in the report, though, and what I am inferring from this.... I think it's explicit on page 5 where it says, “researchers have begun to establish a causal relationship between inequality and productivity.” It's as if the opposite is the truth, which is that the more inequality we have in our society, the less productive we are. Isn't that the heart of the issue?
I think Conservatives are trying to say, well, we don't want to address inequality because it will hurt investment and productivity, but I'm actually inferring from this report and the data that you've published here that the exact opposite is the truth: if we don't increase tax fairness and if we don't address inequality, then we will continue to struggle with productivity and investment. Is that true from your perspective?