Mr. Speaker, the minister claims to be concerned that wealthy people will pay lower rates than middle-class people.
Then can he explain this? Under his proposal, the pizza shop owner who puts aside money to earn a little interest and eventually pull it out for retirement would pay 75%, while the Bombardier executive who has shares in that company, and it makes passive investment, will pay about 50%.
If the member is really interested in helping the middle class, why is he hitting the pizza shop owner with a much higher tax rate than the Bombardier billionaire executive?