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Money Could Be On It's Way In 2021

By: Trent Bartley
Posted: October 26, 2020 03:29

In June, the Angus Reid Institute unveiled a survey that showed strong general support for the idea of a basic income.

In June, the Angus Reid Institute unveiled a survey that showed strong general support for the idea of a basic income.

In June, the Angus Reid Institute unveiled a survey that showed strong general support for the idea of a basic income.

     The current Global Pandemic is shining a light of just how vulnerable our way of life is to forces outside of our control. In this light many Nations around the World are looking at ways that our systems could be stabilized, one such idea was enacted as a Social Experiment in Dauphin Manitoba in the 70's - Mincome was one of the first Universal Income Experiments - you can read more HERE.  In June, the Angus Reid Institute unveiled a survey that showed strong general support for the idea of a basic income, dive deeper into that HERE.

     Mincome was designed by a group of Economists who were looking for ways to mitigate rural poverty. Once implemented, it had real results: over the four years that the program ran in the 1970s, an average family in Dauphin was guaranteed an annual income of $16,000.

     A basic income is a theoretical public program that would provide a periodic payment to all citizens. Just as with the CERB and the three new benefits, this would probably be administered through the CRA. However, Canada has shied away from the “universal” aspect of the basic income. If a basic income does arrive, it will likely serve as a social services program with income and wealth eligibility requirements. The money that was saved in Medical, Unemployment and Police cost we're part of the balance.

     In June, the Angus Reid Institute released a survey showing strong general support for the idea of a basic income. Of the 1,500 Canadians surveyed, roughly 59% said they would support a Universal Basic Income (UBI) at either $10,000, $20,000, or $30,000. Interestingly, that support has somewhat dropped since the survey was taken in 2016.

     With a current Minority Liberal Government needing support from the NDP - the idea has more steam than it has since the 70's. 

     

     

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