I think the record is quite clear. We've seen very significant increases in taxes—the capital gains tax, and we've had the carbon tax—and those just haven't produced the results that I think were hoped for. From the carbon tax, we haven't seen a very significant impact on emissions, for instance. I think the question now is whether this the right direction to go in.
Indeed, if we look at economies that are doing better, we look particularly at the United States and particularly those parts of the United States that are growing fastest such as the southern United States. Those are places that have lower taxes. They have lower taxes. They have smaller government. They have smarter regulation, less regulation, and they're growing faster, so that would be a prescription I would want to follow.