Mr. Speaker, my question is for the hon. member for Mississauga South, whom I want to congratulate on his maiden speech. I noted that he talked about the elimination of the $100,000 lifetime capital gains exemption.
Does the hon. member not think that by doing away with this exemption, to which every taxpayer is entitled during his or her lifetime, the government is in effect taxing the inflation that it has itself generated because of negligence, because of a bad interest rate policy in some cases and because of excessive taxation?