Mr. Speaker, the hon. member says he is against bank profits. Incidentally, his party is also against oil companies making profits. That is a great populist battle cry.
At the same time they claim to be in favour of the pensions of unionized workers. The problem is that pension funds for unionized workers in Canada are overwhelmingly invested in banks and oil companies, which can only pay profits or returns back to those unionized pension funds out of their profits.
Therefore, when the NDP proposes to hammer the enterprises with higher taxes, they are really proposing a tax on the pension funds of the unionized workers they purport to defend.
How does the hon. member reconcile those two conflicting points of view?