Mr. Speaker, when a Quebecer or a Canadian earns a dollar, the whole dollar is taxed, all of it, at a rate that can go as high as, or higher than, 40 per cent. When a rich shareholder, a rich corporation holding shares that appreciate in value year after year, is taxed, it is taxed on only three quarters of the amount at a reduced rate, not the full 100 per cent.
How is it justified that 25 per cent of this capital gain is handed back in this ineffective and unproductive manner to the richest holders of Canadian capital, who do not reinvest in the economy, when the rest of the population must pay the full amount?