Madam Speaker, I am rising to speak on Bill C-8 with some sadness. Yes, there are some minor provisions in it that we support. However, what this represents is a real disconnect between the Liberal government and what is actually happening across the country. The fallout from COVID has been enormous, but it is not just from COVID. A series of policies put in place by the former Harper government and by the current government have all led to the same thing: massive levels of inequality, more poverty and misery, and more difficulties for Canadians.
Bill C-8 does not mention this, but it should: the appalling withdrawal of CRB benefits with just a few hours' notice when it took place a few months ago. There were 800,000 Canadian families who were depending on those benefits to put food on the table and keep a roof over their heads. The government crudely and irresponsibly ripped that safety net away from nearly a million Canadian families with a scant few hours' notice. It is unbelievable that any government would act this way, but the government does not seem to understand the impacts of its many policies that promote inequality and what that has done to Canadians over the last few years.
As I have mentioned in the House before, my wife, Limei, and I grow vegetables for local food banks in Burnaby and New Westminster out on Barnston Island. It has very fertile land and we basically use space that is rented by Chuck Puchmayr, a local municipal councillor. It is about 40 hectares of land. We are able to grow squash, tomatoes and a wide variety of vegetables. We then contribute to the food banks. We have been doing this for many years, and for many years we have seen, tragically, a maintaining of the long food bank lineups. Canadians of all backgrounds, seniors, people with disabilities and students, all have to go to a food bank to make ends meet.
In the last two years, we have seen a sharp increase in the number of Canadians, the number of British Columbians and the number of people in New Westminster—Burnaby who have had to go to food banks to make ends meet. We have seen in sharp relief how the massive level of inequality in this country and the devastation left by COVID has created more difficulties for Canadians. What we need to recommit to in the House of Commons is responding to what Canadians are feeling across the length and breadth of this country. Food bank lineups are growing. When the number of homeless are growing, there should be a compelling argument for the government to act to respond to those needs.
The government has an ability to act. We saw that at the beginning of COVID, on March 13, 2020, when the House leaders, and I was one of them, marched out into that corridor and announced that we would be suspending Parliament because of the incredible increase of cases across the country in this pandemic. We called at that time for the government to take immediate action to help Canadians. It acted promptly. Within 96 hours, four days, it took the initiative, without the support of the NDP, to immediately prop up Canada's big banks and their profits. They were given $750 billion in liquidity supports.
I want to say that figure again because it is so incredibly large it is unbelievable. There was $750 billion made available to the banking sector to make sure their profits were maintained, with no conditions. They did not have to do anything for that massive amount of liquidity support, including from CMHC, the Canadian Mortgage and Housing Corporation, which is supposed to be providing supports for Canadians to get housing. There were no conditions at all. They just threw the money at the banking sector so that they could maintain their profits. They got that in four days.
Therefore, the NDP got to work because the government really did not seem to have any direction at all. The leader of the NDP from Burnaby South and the entire NDP caucus leveraged our position in this minority Parliament to force the CERB at $2,000 a week, to put in place a student CERB and to put in place supports for seniors and people with disabilities. We made sure we pushed for paid sick leave for Canadians. This was absolutely fundamentally important.
The government's priority was to prop up banking profits. Fortunately, because it was a minority Parliament, we were able to force the Liberals to actually start thinking about people. There was $750 billion in liquidity support for Canada's big banks and a reluctance to do things for real people, except when they were forced to do so in a minority Parliament.
This is something that is clear to Canadians when they look at what the government has done since the increase in inequality and the massive propping up of the banking sector we saw under the former Harper government. The Harper government was criticized for $116 billion in bank supports and we are now at $750 billion.
The Harper government was criticized quite justifiably for the massive tax loopholes we have seen to overseas tax havens. In fact, Conservatives and Liberals agree on that. There is no limit when it comes to making sure the ultrarich can take their money offshore. Both parties have participated in this feeding frenzy to give as much as they can to the ultrarich. We are now looking at $25 billion a year. That is $50 billion since the beginning of the COVID pandemic. There was a quarter of a trillion dollars over the course of the last decade under the Conservatives and Liberals that the ultrarich were able to take offshore.
Imagine if we were looking at a Bill C-8 that actually responded to Canadians' needs, if we actually stopped those massive tax loopholes for the ultrarich and reinvested that money in housing, supports for seniors, post-secondary education and expanding our health care sector. When Tommy Douglas forced the government of the day to put in place universal medicare, it was always with the idea to move from there to public universal pharmacare, to put in place dental care and to make sure, as the member for Burnaby South says so eloquently, that we have health care from the tops of our heads to the soles of our feet.
If we just stopped for a moment that hemorrhaging of $25 billion a year to offshore tax havens, imagine the kinds of investments we could make in public universal pharmacare and dental care. We could actually make a difference in people's lives, Canadians who are struggling with record levels of inequality.
The inequality is getting worse. The top 1% of Canadians now have a quarter of the pie. Nearly 50% of Canadians, and that includes indigenous peoples and marginalized Canadians across this country, are within $200 of insolvency in the course of any month and have no share of the pie at all.
Look at the picture these policies have created. We see this in Bill C-8, where there are minor things done, which we support but that do not tackle the fundamental issues we are seeing in inequality in this country. Imagine a Bill C-8 that actually started to reinvest in Canadians, in the right to housing and in public universal pharmacare. Imagine a Bill C-8 that made the investments that are so important so that Canadians could see their standard of living improve. We would no longer have a country where half of Canadians are excluded from any share of prosperity or any share of the economic pie and where 1% of Canadians, the ultrarich, not only have access to a tax system that allows them to not pay taxes but also to hog a quarter of the wealth in this country.
We believe in this change and that is why we fight in this Parliament.