Thank you, Chair.
One of the main arguments for equalization in Canada is the principle of horizontal equality, which is to say that, regardless of where you live in Canada, there should be a basic or standard quality of life, or, as I like to call it, a “bar of dignity”.
I'm coming back to you, Mr. Béland.
In your essay on the economics of equalization, which is part of the fiscal federalism and equalization policy in Canada, you explain that principle, as well as some of the traps we can fall into. Would you be able to walk the committee through some of what you think works and some of what you think doesn't work?
Thank you.