Not that long ago, the Parliamentary Budget Officer released a report indicating that Canada is now in a position where 1% of the population owns and controls 25% of the entire wealth created in Canada. It's been a long time since we've been in that position, where so few people have owned so much of the wealth. I believe you mentioned a wealth tax in your opening statement. Of course, the NDP has proposed such a tax. Other jurisdictions are seriously looking at implementing a wealth tax and have advocates in those jurisdictions.
I wonder if you could speak a little bit to what a wealth tax is and why it's important to tax wealth as opposed to income when we talk about Canada's wealthiest people.