The article covered all of the arguments in 1963 why it might be a terribly dangerous idea for Canada to adopt a Canada pension plan.
The first problem was that the provinces might not agree. The second problem was the impact it would have on Canada's need for investment capital. They were concerned that the cost would be too high and they concluded that the “The real need is to make use of the delay to undertake a thorough investigation...to determine the place of the particular plan among the needs and capacities of the country.”
It reminds me of this government's attitude to reform of the pension plan. It's always too dangerous, and it always wants to make sure that nothing is broken and that we undertake endless investigations.
My question is addressed to Mr. Cadieux.
I do not agree with the specifics of your proposal. We are seeking a supplemental plan that would be voluntary, whereas you are looking for a non-voluntary plan. So my question is: what has the government's reaction been to your reform proposal? Was it similar to what was described in The Gazette in 1963?