Mr. Speaker, I appreciate the opportunity to speak to some of the points that my colleague from Outremont raised. I want to thank him for pointing out Statistics Canada's research on the five income quintiles and how they have actually fared, from a chart that I have, from 1989 to 2005.
I think I will ask him to expand on the point that he was making. Our taxation policies are the most effective tools that we have for the redistribution of wealth in the country, so that we can in fact all share in the bounty of this great nation, and as profits grow and productivity grows therefore workers' wages and our standards of living grow.
What other tasks should we have here as members of Parliament, as elected representatives, but to make sure that we elevate the standards of living and working conditions for the people who we represent? Perhaps through a fair taxation policy we can do that.
My colleague raised the issue of the five quintiles. I think people would be shocked to learn that, between 1989 and 2005, by these neo-conservative, right-wing policies implemented by perhaps the most wasteful government in Canadian history that squandered $190 billion worth of fiscal capacity, giving half of it away to their corporate buddies, the lowest quintile of earnings of $12,200 dropped by 11% in that period of time.
Their standard of living in the lowest quintile dropped 11% by virtue of the neo-conservative, right-wing policies of the Liberal government and then by the neo-conservative policies of the Conservative government. They squandered an opportunity to raise all votes. They raised all yachts. They forgot the rest of us.