Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Universal Basic Income/Andrew Yang Discussion

bizaro86 · 09-10-2020, 04:53 PM

https://www.pbo-dpb.gc.ca/en/blog/ne...demie-covid-19

The PBO costs a universal basic income recently. It was set at 75% of low income threshold (so lower than the numbers being mentioned) and they assumed it would be reduced by other income at rates ranging from 15%-50%.

The estimates were $48-98 billion for a six month period. So even with clawback you are looking at $100-$200 billion per year. They also specified they didn't include any behaviour changes, and there would certainly be at least some at the margin. The total federal spending in 2018-2019 (to exclude covid effects) was only $278 B.

So the numbers bandied about in this thread probably imply doubling total federal spending.

09-10-2020, 04:53 PM	#27
bizaro86 Franchise Player Join Date: Sep 2008 Exp:	https://www.pbo-dpb.gc.ca/en/blog/ne...demie-covid-19 The PBO costs a universal basic income recently. It was set at 75% of low income threshold (so lower than the numbers being mentioned) and they assumed it would be reduced by other income at rates ranging from 15%-50%. The estimates were $48-98 billion for a six month period. So even with clawback you are looking at $100-$200 billion per year. They also specified they didn't include any behaviour changes, and there would certainly be at least some at the margin. The total federal spending in 2018-2019 (to exclude covid effects) was only $278 B. So the numbers bandied about in this thread probably imply doubling total federal spending.