Mr. Speaker, I have had the privilege of moving to the finance committee which has been very instructive. There is a myth, an absolutely gigantic myth, that somehow billions of dollars are squirrelled away and that if we could get our hands on them we would solve the whole deficit and debt problem. The myth that was originated by the NDP unfortunately is being perpetuated by the Bloc Quebecois.
The plain fact of the matter is that family trusts have to do with capital gains. Family trusts pay taxes on earnings. Family trusts pay current taxes on interest. Family trusts do not pay tax on accrued capital gains until they are disposed of by the family trust. The myth continuously put forward by the Bloc is that they never pay or they are going to roll forward. The fact of the matter is that they will be paid in exactly the same way as any other individual pays them.
It is instructive to be sitting on that committee as they continue to try to put forward the myth that there is some kind of simple, magical equation, some kind of a simple answer, because there is not.
I come back to the same thing. It is going to hurt all Canadians. In further response to the member's question, the reality is that if we do not control this the people who will be hurt the most are those who can afford it the least. We have to target the meagre resources we presently have to make sure those people who have the least get the most in terms of help.
I do not think major industrialists and people who would have these countless millions of dollars in family trusts to which the Bloc keeps referring need the help of the social program. It is the intention and the direction of the Reform Party to protect those who need protection the most.