Mr. Speaker, we in the Liberal Party agree in essence with regard to the CPP and its benefits. This program has been in place for generations. It was a Liberal Party initiative many years ago that made people realize how important pension plans are for seniors, and that is the reason we established a CPP program.
We would like to see the government demonstrate more leadership on that particular file. The government needs to meet with the provinces and work out a better agreement so that workers today will be able to retire with more money going forward.
I come from a province where there is an NDP administration. That NDP administration talked about the labour crocus fund as a form for retirees to invest in. It promoted the crocus fund. It is quite different from the pooled pension plan that is being proposed, but the concept of seniors using their private money to invest in a venture capital fund was something it saw as a positive thing even though there were management fees and so forth.
Would the federal NDP have opposed a venture fund with tax incentives for seniors to invest in that type of approach? Does it have to be CPP or broke?