It's brief but so important. Thank you very much.
One thing we haven't even talked about—and this is totally federal responsibility—is the taxes that are levied on the construction of housing, which increase the soft cost of housing considerably. Up to 12% of the price of a new building of any kind is taxes and fees by three levels of government, but the federal government has, over the years, increased that. As it's reaching into our pockets to do that, it's raising the cost of social and affordable housing, so that could easily be a recommendation.
Cut out that stuff. Reduce it. It's not necessary, and where does the money come from? That's a really good question. We could do a much better job of progressive taxation in this country. We're taxing people who are on the margins, and we're letting people who are making billions of dollars off pretty easy. I'm not a tax expert, but look at it. I think it's worth looking at.