You also said that this is going to blow a $90-billion hole in our country's GDP, which you estimate to be about 3% of GDP.
I wanted to ask you about this. There's been a lot of writing by economists lately about our per capita GDP falling behind the U.S., and it's slow now, or it's slower than it was during the Great Depression. If you were giving advice to the government under these circumstances, if they came to you and asked whether increasing the capital gains inclusion rate would be a good thing to do while our GDP per capita is lower now than it was in the Great Depression, what would you tell them?
