I do not expect the member to understand. I am really not talking to him. I am talking to the Speaker and to the Canadian people. They understand that some people might benefit from the simple black and white solution that everybody gets to invest in an RRSP fund for their retirement.
I think my colleague was right on. We are talking about who will benefit from a wide open RRSP fund and the elimination of the CPP. Is it the average working Canadian? Is it the working poor? Is it families and young people who need some leadership and some strong financial backing from government?
I think it will be big business. The oil barons out west may benefit from it, and God bless them. That is why we have a system for everyone to invest in their own retirement savings plan. There are rules that guide the investment.
What is the Royal Bank's profit up to today? It is $1.6 billion. That is absolutely unbelievable. Why is that? It is probably in large measure because of the amount of money Canadians have been putting into RRSPs and the banks. Whether it is through RoyFund, investment procedures or whatever, the banks are benefiting.
Reformers simply care more about the banks, the oil companies and rich Canadians than taking care of all Canadians in a universally funded system that will accrue to the benefit of our children and in spite of their rhetoric will accrue to the benefit of their children.