One of the arguments I keep hearing my colleagues in the other parties say is, “Well, it's not fair that regular income earned through wages is taxed the same way as earnings through capital gains.” There's a reason for that, and consecutive Canadian governments have always recognized that reason. It's that we want people in our society to take risks and be rewarded for those risks, not punished for taking them.
You must know, for example, younger-generation farmers. Would they, for example, consider not making the types of investments they might have otherwise made had the inclusion rate stayed at 50%? In other words, if they took that risk and were successful, half of their gain would have been without tax.