Mr. Speaker, I would like to thank my colleague from Medicine Hat for his eloquent remarks and particularly his focus on the debilitating effect on the ability to raise capital and generate growth in this economy as a result of our burdensome capital tax regime.
I wonder if the member could reflect for us on the experience of other jurisdictions which have lowered capital taxes and capital gains taxes. They have all found that revenues from those sources actually have increased as a result. Quite consistently, study after study by the Cato Institute and other free market think-tanks across the world have indicated that reductions in these rates result in higher revenues to the public treasury because of the expanded growth opportunities. Does the member think that would happen here in Canada?