"Hmm... No."
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I'm an idiot, so please jump in here if I'm getting this wrong.
Per the article, predicted program cost is $88 billion per year. Divide by Canada's adult population of ~33 million, so, ~$2700 per person per year, minus administrative costs and bloat, so, say $2k per year.
Well, I definitely wouldn't turn down a cheque if I qualified for it, and I don't want to come off as complaining about a program that doesn't even exist yet. But, $2k doesn't sound like an amount that any person could function on. That's less than one month's rent almost everywhere in this country. It's like, a 6" subway sandwich per day. Something something middle class, I seem to remember a certain federal party saying during election time. Why not simply lower taxes in a targeted way?
In what way is this amount 'basic'? What's the point of embarking on this whole investigative song & dance over a few extra bucks per day? What actually is the minimum amount necessary to function as an individual in this country? I think I know why the government isn't investigating that question.
I'm not against UBI as a concept. This $88b program, if that number is correct, seems like it's not even worth investigating. Am I crazy?
I've always been a big proponent of UBI. But after speaking with my communist brother recently he opened my eyes to something. If UBI get's implemented, big corporations will just increase prices and completely/partially negate it.
What we need is a NEEDS income. We establish what are basic needs, housing, healthcare, food, etc.. and make sure that all of these needs are met.
I'm so glad people are starting to see this.
In 2008 there was a first time home buyer credit announced, and suddenly overnight every house on the market went up by about 10 grand.
The market is only a measure of how much wealth can be squeezed out of the working class, and the market always goes up. If UBI became a thing, suddenly everyone has another 2 grand to spend, and everyone will want their cut.
But after speaking with my communist brother recently he opened my eyes to something.
I was certain this comment was satire at first, but now I'm not so sure.
Isnt this just going to lower the value of the currency aka inflation?