There was an election, Mr. Ives. Thank you. Oh, boy.
The second question I have is for Mr. King.
Mr. King, you spoke about part of the intent of this bill being to encourage people to put these properties on the market at 1% tax on the holding of this real estate.
One per cent tax on an asset class that has increased approximately 26% in the last year doesn't really seem like it's a disincentive to losing the property.
Would you say it's misguided to charge people 1% when they are going to be gaining 26%?