Tharman should be ashamed of himself for his ignorance and embrace of mediocrity.
He talks as if long term returns of a miserly 5 percent is to be celebrated. There are plenty of funds in the US that easily achieve 10 percent returns annualized over the long term.
Goodness, just putting all your money in a S&P etf generates 8 percent return on average. And you save the cost of paying those mediocre investment managers in GIC.
Tharman, you are an idiot.
Sinkees who accepts Tharman's arguments are idiots too.