Mr. Speaker, I note that the Liberals have 20/20 hindsight and vision back to the things they accomplished many years ago. I just wish they had the same foresight at this time.
In supporting the pooled retirement savings plan, a big mistake is being made in terms of public policy. We are telling people they are going to get something that is not there, something that is not secure, something that will not deliver in the long run.
The member asked if I would support seniors investing in venture capital. Only wealthy seniors can afford to take those kinds of risks. It is called venture capital for a reason. Average people who have worked hard all their lives in an average job cannot afford to risk their retirement on those higher risk ventures. They need something secure that will provide them with a defined benefit to take care of them in their old age, and that is the genius of CPP and QPP. They have shown us success over time. That is the reason I think they are the solution to this problem.