Implementing universal basic income could cut poverty rates up to 40%: PBO

[Castanet News]

The government's fiscal watchdog says a guaranteed basic income program at the federal level could cut poverty rates in Canada by up to 40 per cent. In a...

[Mike_T]

tent cities everywhere if we do this

[Sicamous_Sue]

Where would the money come for this??! It's nice to want to lift people out of poverty, but who pays? Canadian taxpayers are so burdened right now, we don't need more tax increases. We certainly don't need more government debt.

[BigTun]

There we go... here's the communism I was talking about.

"Higher earners could see their income levels drop because of changes in the tax system to implement the basic income support"

AkA - we're going to take working people's money and give it to people that don't want to work.

Time to pack up and leave this country while there's still time.

[agent]

Seems like the budget will never balance itself at this rate

[nate189]

God's tax rate is only 10% (Leviticus 27:30).

[care5]

And so it begins. Government control taking more of our freedoms and money away. Just wait for it..... next it will be tied to our social credit score and carbon credits!!!! Saw this coming for a while now. "You will own nothing and be happy".

[phosphorous]

If ever there was an advertisement for hard working / high-earners to leave Canada, this is it.

I guess we can't say we weren't warned. I don't want to leave my country, I love it here. But how can I keep working hard to be a high-earner yet be punished with even-higher taxes and less income as a reward for my hard work?

If any of you who may support UBI wants to know how this will play out, you should look into the brain drain Venezuela went through in the past 15 years, and how socialism killed a potentially prosperous nation (people had to eat their pets).

The sad irony is that the colleagues I have now from Venezuela are telling me that what is happening here in Canada is the beginning of the reason why they left Venezuela in the first place.

If you know what is good for you and your family you will reject socialism as the insidious/envious ideology that it is.

[George Orwell 1984]

Get your money for nothing, and your chicks for free
Look at that, look at that
Get your money for nothing (I want my, I want my)
Bozos
Chicks for free (I want my MTV)
Money for nothing (I want my, I want my)
And chicks for free (I want my MTV)
Get your money for nothing (I want my, I want my)
Chicks for free (I want my MTV)
Ah, money for nothing (I want my, I want my)
Chicks for free (I want my MTV)
Easy, easy money for nothing (I want my, I want my)
Easy, easy, chicks for free (I want my MTV)
Easy, easy money for nothing (I want my, I want my)
Chicks for free (I want my MTV)
That ain't working

Money for nothing, chicks for free
Money for nothing, chicks for free

[seewood]

Where would the money come for this??! It's nice to want to lift people out of poverty, but who pays? Canadian taxpayers are so burdened right now, we don't need more tax increases. We certainly don't need more government debt.

My thoughts exactly.

[j-van]

Tax and spend. Tax and spend. Rather than doing the difficult task of making sure all Canadians realize their full potential through training and education, the Liberal government again is slacking off. It is prepared to stifle productivity and industry by further taxing (punishing) those who pay the bills. Working Canadians realize they will never be super wealthy, but they do need a meaningful job, an ability to meet their responsibilities and a bit of hope for the future.

[LS7]

Nothing more than a Liberal vote buying scheme aimed at the slackers of society. Why should we pay their way?

[Foyulp]

Don’t worry. Once we get to 100% taxation everything will be fine.

[kmarina]

Universal income? Sure make people more dependent on the big daddy govt.
And if YOU do or say anything that big bad daddy don't like, well they will withhold your digital money and we can all frigging strave and dei-sorry die for all they care.

[okgrower]

Or people could take responsibilty for their own lives. I think these reports always fail to account for the surprisingly high percent of people who would be happy to just live off the system. 107 billion in the 1st year, how much once people change their behavior? How much once people who have grown up in that system fail to ever enter the workforce?