Can the government manage your money better than you or someone you employ to handle your private investments?
Perhaps by now you’ve heard Manitoba is one of just two provinces not buying into an expansion of the Canada Pension Plan. The expansion will raise premiums for employees and employers and, eventually, payouts will go up as well. So the government would match your investments now for your future retirement. Finance ministers say this plan would have most effect on younger generations, since benefits may not appear for another 40 years.
Would you prefer to have control of your money and where you invest it, or would you rather not worry about that and leave it to the government? And if the government is so great at investing, don’t you think it should have started some sort of investment banking business by now? (That may or may not be a tongue in cheek comment.)