Quote:
Originally Posted by CliffFletcher
Cancelling CPP would take extraordinary political courage. It’s a dedicated, solvent retirement fund, managed at arms length. To dissolve its holdings and roll them into a general UBI program would be a serious breach of the principles under which it was set up and run. It would provoke a blizzard of legal challenges.
And at the other end, I expect we’d see youth unemployment skyrocket. If you’re 26 and living at home with your parents, $2k a month is plenty to cover your needs. Why take a job as a server on weekends and evenings making $2.5k when you can get by just fine not working at all?
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Wouldn't you want $4.5k? Or even 3k? 4k? Perhaps one would not have to break their back working 40 hours but just 20? Also, I think UBI would cause aggregate demand and inflation. 2K might not be enough if everyone has it.