Madam Speaker, today we are debating a motion to concur in the report of the finance committee regarding recommendations arising from the pre-budget consultations. As we often hear, budgets are about choices on expenses, services and the investments we are making to create a better Canada, and choices on revenues and who we ask to pay for those investments.
It is therefore good to look at where we are now, or at least where were before the pandemic, when the parliamentary budget office reported that 1% of Canadians shared 25% of the wealth and that 40% of Canadians have only 1% of the wealth shared among them. The pandemic has only accentuated and aggravated these inequalities and differences. Supply chains have been disrupted. We have had labour shortages that are still very critical. We have had climate disasters, droughts, floods and heat domes, a lot of them happening in my riding or adjacent ridings. We have seen the impacts of what climate change is bringing. Now we have an illegal war in the Ukraine that is further exacerbating the situation in the world economy.
How did the inequalities change during the pandemic? Well, billionaires got richer. Billionaires in Canada added more than $70 billion to their own wealth while the rest of those in Canada really struggled. This committee report fails to recommend any solution that would change or reverse this trend. The NDP feels that we need a tax on additional profits that were brought in by many of the big corporations during the pandemic. We need a wealth tax of 1% on superwealthy Canadians who have assets of over $10 million. Instead, we see superwealthy Canadians and big corporations taking money out of Canada year after year. We are losing over $25 billion in tax revenue every year because we are not taxing the people who can afford these investments and are, instead, taxing the people who cannot afford them.
In terms of climate change, there are many recommendations in this report on what we need to do about climate change, and we agree with many of those recommendations. However, we really want to emphasize that a successful transition to a low-carbon future in Canada must be centred on workers. As my colleague from Edmonton Griesbach so eloquently said, he has personal experience with that. We need a federal authority created and funded by the federal government that has a mandate to quickly implement a real plan to guide us to that low-carbon future.
Hundreds of thousands of new jobs could be created by bold work on retrofitting our buildings, as 40% of our emissions come from our buildings. The government came out with a plan a few years ago that would do a small part of that necessary work with a combination of grants and loans. It helps people who can afford to do the work up front. They spend thousands of dollars retrofitting their homes and then apply for a smaller grant, or they take on a loan, of $20,000 perhaps, to do the work. However, who that leaves out is the 20% of Canadians who live in energy poverty and cannot afford to spend that money up front and cannot afford to take on any loan, no matter how low the interest. The government recently came out with a plan for climate action that it said would help people in energy poverty, but it is in the form of loans. That will not work.
One area of expenditure that neither the Liberals nor the Conservatives want to eliminate is the billions of dollars the government gives every year in subsidies to oil and gas companies. I could go on and on about this. One of the biggest ones, of course, is this obsession to build the Trans Mountain pipeline, which has now cost over $20 billion. This is $20 billion to build a piece of infrastructure that we cannot afford in light of climate action and that we do not need.
As to health care, it is a huge issue for all Canadians. Again, the pandemic has really emphasized that. Health care workers are at their breaking point. I met with the nurses union recently and it has just had it. We need a significant increase in the Canada health transfer. We need a pan-Canadian health workforce strategy that is led by the provinces and funded by the federal government.
Some of the witnesses who came before the committee asked for an end to for-profit long-term care. Canada has a horrible result, on a global scale, in terms of the deaths we saw in long-term care homes. We desperately need to fix this. It was clear from the analysis that for-profit long-term care homes had a much worse outcome than not-for-profit long-term care homes.
My colleague mentioned pharmacare and dental care. These are things that hopefully we will finally see. If we had a federal publicly funded universal pharmacare plan, we would save a minimum of $4 billion a year according to the Parliamentary Budget Officer. We could have a dental care program that costs $1 billion. We could have four dental care programs funded by the amount we would save with pharmacare.
I talked to a friend of mine a few days ago who heard about the announcement of the dental care plan. She said that when she was a kid, her family did not have money for dental care and she never went to the dentist. I think when she was 12 years old, she went into the hospital and they pulled out a bunch of her teeth and gave her a bad-looking plate that tried to replace those teeth. She said that caused her irreparable damage in her confidence around people. She has been socially shy and uncomfortable around people ever since she was 12 years old because she could not afford to go to a dentist. This plan would change people's lives in Canada.
Reconciliation is another thing we have heard about again and again over the last couple of years, like just recently regarding the visits with the Pope and the Vatican. This is another area where there has been a shameful lack of political will. I am happy to see the recommendations in this report from the finance committee that deal with the 94 calls to action from the Truth and Reconciliation Commission and the calls for justice from the National Inquiry into Missing and Murdered Indigenous Women and Girls, as well as the recommendations to support the economic empowerment of indigenous people.
I could talk about housing for 10 minutes. This is a huge issue in my riding, where the lack of housing is an important part of the labour shortage. People simply cannot afford to move to my riding and work there. We have companies that are forced to buy accommodations for their employees. We need a real plan to create affordable housing in Canada.
I will also bring up a big part of my riding, the wine industry. It has felt a real blow because we lost the excise tax exemption for many wineries. The federal government has to come up with a long-term plan to replace the supports that the exemption created.
I will finish by reminding members that it is our job to focus on making life better for Canadians. Too often, our governments have made life easier for wealthy Canadians and big corporations. We need to refocus and make budget choices that benefit all Canadians, and create a fairer and more prosperous Canada for all.
