One of the problems is that there's a difference of philosophy. For workers, these are deferred wages that are put aside for them. Sometimes the way they're treated by some companies is that it's just another pool of money to pay creditors off.
I'd like to take us a little bit further, though. We've talked about a phased-in doubling of the Canada Pension Plan, primarily because over 60% of working Canadians today have no savings and no pension plan. Now the government has put in the RPP, which is a voluntary program.
Our concern is that we need to have something mandatory. We see the Canada Pension Plan, which is portable, is in every province, and is owned by Canadians, as the best vehicle for doing that. The cost to an employer would be 2.5% after the phase-in period. That's going to be harped on as being another tax, but if we don't take care of Canadians going forward, in 30 or 35 years they're going to hit a wall where we'll wind up paying anyway. Under our proposal, at least the workers will be able to put something in and carry some of their own responsibilities.
I'd like your reaction to that.