Quote:
Originally Posted by CliffFletcher
Okay, but what would the admin costs be on those accounts, compared to the CPP admin costs? Frankly, I'd rather the government make money off my money than the banks.
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I see more of my own money when i invest it with the banks. At least I get some interest out of it and I'm almost guaranteed to get my investment back. Neither is the case when the government gets your money. Banks are competitive and have to be efficient. The government's a monopoly - the definition of monopoly is wasteful spending.