It worries me greatly. Here are two fundamental things that are wrong with the plan. It stands tax equity, as we understand it in our income tax system, on its head, because the difference between these prepaid tax savings plans and registered retirement savings plans is that in these prepaid tax savings plans the income from capital is never taxed, which means that if I invest in one of these tax prepaid plans, and I get lucky, and over the course of 10 years make $2 million on my investments, that whole $2 million is free from tax. And as you probably read in the newspapers just a few days ago, there are Canadians who apparently have a quarter of a billion dollars in RRSPs, so we're not talking peanuts here.
If I put money into one of these plans and I make a million dollars, it's never taxed. On the other hand, if I put my money into savings in one of these plans and I lose money, it's never taxed. So here we have a person who's made a million dollars and a person who's lost money--both are taxed the same, namely, zero. That is inequitable.