I would very strongly support the idea of tax incentives for investors, but it's a bit more complicated than that. In these labour-sponsored funds in Manitoba, Quebec, and other provinces, they gave tax credits to the private sector. Now some of the private sector investors didn't know what they were investing in, and so they misunderstood the risk factor. There was a communication gap. One has to prepare the tax incentive programs very quickly.
There have been tax incentive programs since the 1970s in Canada, but the rules have changed because of abuse and so on. Recently, the SR and ED program, which is a tax incentive program, was reduced. It's been a very important part of incentives for the private sector to invest, and I think it should continue, but rules and regulations have to reviewed from time to time so there's not an abuse.