Madam Speaker, in principle I agree with what the member is suggesting. It is one reason the Minister of Finance has in fact put a special tax on bank profits.
I want to go back even further than that to the principle of tax fairness. One of the very first things we did back in 2015-16 was to introduce a tax break for Canada's middle class. At the same time, we funded that tax break in good part by putting a special tax on Canada's wealthiest 1%. By the way, opposition parties voted against that, but at the end of the day we were able to implement it.
Through those types of policy initiatives of the federal government, we developed and enhanced the Canada child benefit program, which then took money away from millionaires and put it where people needed it the most, such as with the development of child care. Again, this had a very positive outcome and is one of the reasons literally thousands of children have been lifted out of poverty.