No, no, rich people do not go to jail because the jail is too full of young aboriginal kids. There is no room for them. They can go to the country club and play golf.
Now we have a member of the board of directors of Onex Corporation as the Chief of Staff to the Prime Minister. We can just imagine the kind of bugs that are being dropped into the ear of the Prime Minister behind closed doors and under the shroud of secrecy that the Conservatives like to create. They can help us solve our deficit problem. They can privatize the prisons, privatize this and contract out that and get government out of all of these areas, which has been, as I said, the dream objective of the neo-conservatives since their beginning.
We have another contradiction or irony here that I do not think the public will be very pleased about. It will come up on the doorsteps in the next federal election, but in the context of Bill C-47, the budget implementation bill, it contemplates corporate tax cuts to the extent of $6 billion or $7 billion.
The astounding thing is the reasoning that goes into this. It is not as though we are in a surplus situation where we will be sharing some of the bounty through private sector tax cuts, personal tax cuts and corporate tax cuts. We are not in that environment. We are in a $50 billion deficit situation. To give this $6 billion or $7 billion more in tax cuts, we have to borrow that money. We will be borrowing money on the open market to give tax cuts to profitable corporations.
The irony about giving tax cuts in this way is that it rewards the most successful businesses. It does not give a hand up to a struggling business that is about to close its doors. They are not paying any income tax anyway because they are struggling. So this is not some kind of initiative to assist small and medium-sized enterprises. I could support that to ensure that we avoid plant closures, et cetera.
This will reward those most profitable businesses in the country, the very people, maybe the only people in the country, who do not need our help right now. It is the struggling small and medium-sized businesses that actually, legitimately need assistance to get them through these turbulent economic times, but by some convoluted pretzel logic, the Conservatives have decided to hand over this massive transfer of wealth to corporations instead of an option that I suggested, raising the old age security by $100 a month and bringing seniors out of poverty.
I wish I had more time to go into the tax-motivated expatriation, which is actually sleazy, tax-cheating loopholes that exist within our tax system, but the Conservatives have decided to leave that money on the table and not go after it, even though we are in a $50 billion deficit situation.