Madam Speaker, I have asked this question of other Liberal members before and I do not know if I have had an answer to it, so I will ask the member as well.
She spoke specifically about youth. One of the advantages of private savings over public savings is that it allows people to invest, spend that money on interim projects, and then leverage those investments for the future. For example, I could l put money aside now, then use it for post-secondary education, and realize the value of that for a home or small business. The disadvantage of government-controlled savings is that people cannot invest in interim projects. Their money is taken away from them and held by the government until they retire.
Is that not one of the many obvious disadvantages, especially for youth who are trying to save for more than just their retirements but also many other, different things along the way? Is that not a disadvantage of the government's approach? Would we not be better off creating private savings vehicles that Conservatives have advocated as an alternative to this expansion?