Mr. Speaker, Statistics Canada highlighted yesterday that inequality is skyrocketing even more, with the bottom 40% only holding 3% of the wealth and the top 20% holding two-thirds of the wealth. This is at a time when the big banks have posted $70 billion in profits. For the top big five oil companies, it is almost $25 billion. The top five grocery stores have gone from $2.4 billion in profits to $6.3 billion.
At what point, or at what level, would there be a threshold between the Conservatives and Liberals where they will charge an excess profit tax on the big corporations or a wealth tax on individuals so they are moving forward with tackling inequality in this country? This measure alone would not do that. It would actually push the deficits, and the investments in infrastructure and health that would help those people, down the road.