Mr. Speaker, in listening to the NDP I could not help but recall Churchill's famous quote. I think the NDP goes back a lot further than 50 years ago. It sounds like it is going back 100 years with its rhetoric. The quote of Churchill was that: “The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.” That is the type of quote that I thought really registered with some of the rhetoric that I heard today.
I do appreciate the point that the member raised about corporate tax rates. Being of Irish ancestry, the miracle in western Europe over the last 20 or 25 years has been the Republic of Ireland. Let us look at the performance of that economy, from 1986 up to the present, and at the current level of income, the growth rates and unemployment rates and so on.
I am sure that the member for Markham—Unionville, who is a professional economist, knows more about what went on in the Republic of Ireland than I do. I have read some things about it. There have been terrific results for that society. People are returning to Ireland from all over the world. It is a place to be and it has a terrific record to bestow upon itself.
It seems to me that the corporate tax rate in the Republic of Ireland, if I am not wrong, is 12%. At different times the corporate tax rate has been as low as 10%. I wonder if the member from Markham could comment on the miracle of Ireland and--