Mr. Speaker, I thank my colleague for a really excellent presentation today. I am really enjoying hearing his point of view on this, but I want to go back to the corporate tax cuts.
In looking at this issue, I looked at many of the countries that have higher corporate tax rates and some of the rationale behind it. One of them is that setting a corporate tax rate much lower than the high personal income tax rate will encourage a slippage among the high personal income earners to corporate positions. That is one reason that economists in other countries are saying that there is a danger in making too large a separation between the large personal income tax rate and the corporate tax rate.
How does that fit with these $10 million salaries for the CEOs of these large banks?