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

bizaro86 · 09-10-2020, 08:32 PM

I used the numbers from the PBO I linked above for costs, but there are over 29 MM adults in Canada. To pay everyone $1500/month actually would cost about $525 billion. So my estimate above with all those new taxes is short about $275 billion. So with all the taxes and benefit cuts I've mentioned, we'd still be short nearly the current annual revenue of the Federal government.

I'm not sure how you can raise that, to be honest. You'd have to take what I have there and double it again. I doubt there is political will for that.

09-10-2020, 08:32 PM	#50
bizaro86 Franchise Player Join Date: Sep 2008 Exp:	I used the numbers from the PBO I linked above for costs, but there are over 29 MM adults in Canada. To pay everyone $1500/month actually would cost about $525 billion. So my estimate above with all those new taxes is short about $275 billion. So with all the taxes and benefit cuts I've mentioned, we'd still be short nearly the current annual revenue of the Federal government. I'm not sure how you can raise that, to be honest. You'd have to take what I have there and double it again. I doubt there is political will for that.