Okay. That's a lot of money.
As you know, we talk a lot about how governments can transfer wealth from the affluent to the less fortunate. Your proposal would allow that transfer to happen voluntarily and efficiently by effectively taking taxation off those voluntary philanthropic contributions. Right now, if a privately owned company were to give shares or the proceeds of shares in its company to a charity, a portion of that donation would be taken away by the government and diverted away from the charity, which seems to go against the universally accepted goal of encouraging more generosity.
You mentioned in your presentation that the donations that have resulted from removing capital gains tax from gifts of publicly traded shares are incremental, that is, they are not a replacement of cash donations that would otherwise have occurred. What evidence of that can you provide us with?