Thank you, Mr. Chair.
Ms. Miller, ever since the 1960s, when the Macdonald commission, which studied our taxation system, came up with the famous axiom that a buck is a buck is a buck. We have been seized with the idea that a dollar of income should be taxed the same, as a fundamental matter of principle.
If you're lucky enough to be wealthy and you can get income in the form of a dividend, then you get a dividend tax credit. If you're fortunate enough to have some of your income come in the form of a capital gain, you get half of your capital gain, up to $250,000, tax free. This measure is saying, simply, that one-third of the income above $250,000 will still be tax free.
What do you have to say about that principle of treating tax dollars the same, especially when people like waiters and waitresses, nurses, teachers, plumbers, truck drivers and warehouse people have to pay taxes on 100% of their incomes and don't have these privileges.
What's your sense about the impact of that on our tax system?