Quote:
Originally Posted by Poster
Maybe I missed it in all the trade school dialogue but isn’t this thread about a Canadian UBI?
It’s getting confusing mixing in American context, although very fascinating knowledge New Era.
In Canada, I did see some math from I think Bizaro that tried to account for the funding. I believe it showed us still to be short the entire federal budget.
We can’t simply tax ourselves to pay ourselves. Someone has to pay for it. I’d be concerned that inflation will hurt the same people UBI is supposed to help.
Also as New Era was demonstrating, the govt giveth with one sound bite and taketh with the fine print.
As said. It’s an interesting idea I just don’t think it can be executed on Sinotech due to the natural mechanics of our market driven economy.
|
You can increase tax as a percentage of gdp from about 40% to about 50% and fund a 20k GDP per year in Canada. any nations sustainably run around this point. That only includes UBI replacing retirement, EI programs and Child benefits, and not healthcare or education, or other programs.