Thank you.
To continue along the lines that Mr. Pacetti and myself were discussing, Mr. Markham, you said that you were in favour of a voluntary employee-only CPP supplement type of income. You said, if I understood you correctly, that naturally many Canadians find themselves investing in high management expense ratio types of investments. A mandatory supplement would force them not only to invest, but secondly would likely reduce their costs of investment because it would be managed by the CPP or some similar fund, and have a lower expense ratio. Are we simply saying that Canadians have a choice: they can invest their own money in an index fund, for example, with a low MER, and get equivalent kinds of returns, or they can have the government on their behalf withdraw from their paycheque and get the same outcome? Because it's not guaranteed.
What are your thoughts on that?