Mr. Speaker, I do not see how this bill would increase inequality. I do not think it does enough to attack inequality. However, the increase in tax paid by the highest-income earners, over $200,000, which would be roughly $3 billion, would pretty much offset the small tax break that would go to the higher upper end of the middle class.
Here is one piece that I found in a paper I like. John Geddes' column described it as how the current Prime Minister's plan “takes from the rich and gives to the almost-as-rich”. I think that captures it about right, but it would not increase inequality, nor would it increase deficits, as much as the hon. member might like to wish it would.