Mr. Speaker, I want to thank and congratulate my colleague from Regina—Lewvan for his excellent speech.
Income inequality is at the root of our economic problems in society, in my opinion. When the gap between the rich and everyone else becomes that wide, we end up with economic crises and all sorts of social problems. Addressing income inequality should be one of the top priorities of this House.
My colleague talked about a more technical aspect that the public does not seem so familiar with. In the case of capital gains, only half of net gains are taxable, but when it comes to work-related income, one's entire salary is taxable.
Can my colleague put a simple and concrete figure to this? For example, how much does a person earning $50,000 a year pay in tax? If that amount were a capital gain, how much would the person pay in tax?