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How to pay for universal basic income in Canada

4 pointsby 5faulkeralmost 4 years ago

1 comment

ipspamalmost 4 years ago
This is thinly veiled bullshit. The total federal budget income for 2021 is expected at $355 billion. Expenditures are north of $600 billion.<p>This proposal want to spend an extra $869 billion dollars per year, raising expenditures to 1.4 Trillion per year in a country of 37.8 million people.<p>This is a total expenditure of $37,000 per many woman and child in the country.<p>That would bring a deficit of $1 trillion dollars per year to a country with a gdp of $2 trillion.<p>Now, as for funding it, let&#x27;s be clear, it WONT BE FUNDED! No matter what the article says.<p>The authors want to increase total federal tax income by almost 250% with the snap of the fingers.<p>This spells total disaster, and for what? To sleep better knowing that 5% of the country will be lifted out of poverty.<p>Sorry, get the hell out of my country with this crap. Go destroy another country.<p>The most successful countries in the world are NOT the places to try these schemes.<p>With 90+% of the population doing pretty well, the downside is MASSIVE, and the upside is minimal.<p>Take this kind of scheme to a place where the downside is minimal and the upside is large.<p>Unless of course it can&#x27;t actually fund itself lol.