Mr. Speaker, I thank my colleague for his question and his spot-on observations.
Many economists are saying that the problem with this crisis is that we will see a K-shaped recovery. We are hearing that more and more. The poor get poorer, and the rich get richer. This is a matter of tax fairness and tax justice. As a society, we need to create mechanisms to ensure that everyone has equal opportunities and that wealth is redistributed to some extent.
The French economist Thomas Piketty is suggesting a special tax on wealth and the ultra-wealthy. The Minister of Finance once wrote a book on plutocrats and billionaires. She explained how they get away with it. In my opinion, these are some very important questions to consider in order to figure out how to better redistribute wealth. Obviously, it could get complicated to implement and enforce this redistribution, since if we increase taxes on the ultra-wealthy, we need to make sure that they do not come up with an offshoring scheme. Nevertheless, this is necessary. It is important.
It is also important that we combat the use of tax havens, which continues to be legal here thanks to the government. We need to make things that are immoral illegal. The big Bay Street banks are raking in record profits this year. They all have branches in tax havens and artificially transfer their largest profits to those tax havens to avoid paying their fair share of taxes. That is unacceptable, and it needs to stop.