As an economist, is there an economic risk, for instance, if Canadians aren't saving enough for retirement? Only 38% of Canadians participate in programs, for instance RRSPs. It's typically the same people who participate in TFSAs or PRPPs. It's roughly the same group of people. But for the majority of Canadians who can't afford to contribute, is there a risk that left to their own devices, Canadians aren't saving enough for retirement? If the thesis is that periods of higher growth in capital earnings versus economic growth would deepen inequality, is that not a risk to the economy?
On April 29th, 2014. See this statement in context.