Mr. Speaker, during the budget speech, the Liberals announced a symbolic luxury tax with a small tax on the purchase of a yacht costing over $250,000 or a private plane costing more than $100,000, which might gain 1ยข on the dollar of the revenue that would come from a tax of 1% on the wealth of Canadians with over $20 million. They did not even include it in the budget implementation bill we are now debating.
I wonder if the member for Scarborough Centre can tell us what credibility the Liberal government could possibly have on any notion of tax fairness when we have seen billionaires increase their wealth by $78 billion during this pandemic alone.