Nevertheless, we still have the same problem.
As for the 3% you refer to, the richest Canadians, we see that the gap between their growing wealth and their taxable income continues to grow. In fact, those people are not taxed on the increase in their wealth but only on a fraction of it. You say that they pay a lot of tax. They do pay a good part of Canadian income tax, but the question is, do they pay their fair share? You say that they are in a 29% tax bracket, but the issue is that very few of these people pay 29% on the increase in their wealth. They only pay that on a fraction of their taxable income. Which brings us back to the conclusion of the Carter Commission, which was that Canadians are not taxed fairly.