Mr. Speaker, the member is absolutely right. By the time the employer pays the CPP, the EI, the income tax and everything else, the only thing the employer is left with is the overdraft and the negative cash in the petty cash box. That is what is killing job creation in the country.
Nobody disagrees with taxing income and taxing economic activity to a certain degree. However by taxing people year after year on the money that they paid tax on last year, which they have it in a savings account, or by taxing the capital they use to create jobs and investment, their money will be gone. We should only tax economic activity. If we tax savings accounts and capital, we will destroy them and that is what destroys this economy.