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A Universal Basic Income Is Being Considered by Canada's Government (www.vice.com)

submitted 1 year ago by alphacyberranger@lemmy.world to c/world@lemmy.world

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[-] Blackmist@feddit.uk 0 points 1 year ago

"Hmm... No."

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[-] voluble@lemmy.world 0 points 1 year ago

I'm an idiot, so please jump in here if I'm getting this wrong.

Per the article, predicted program cost is $88 billion per year. Divide by Canada's adult population of ~33 million, so, ~$2700 per person per year, minus administrative costs and bloat, so, say $2k per year.

Well, I definitely wouldn't turn down a cheque if I qualified for it, and I don't want to come off as complaining about a program that doesn't even exist yet. But, $2k doesn't sound like an amount that any person could function on. That's less than one month's rent almost everywhere in this country. It's like, a 6" subway sandwich per day. Something something middle class, I seem to remember a certain federal party saying during election time. Why not simply lower taxes in a targeted way?

In what way is this amount 'basic'? What's the point of embarking on this whole investigative song & dance over a few extra bucks per day? What actually is the minimum amount necessary to function as an individual in this country? I think I know why the government isn't investigating that question.

I'm not against UBI as a concept. This $88b program, if that number is correct, seems like it's not even worth investigating. Am I crazy?

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[-] krolden@lemmy.ml -1 points 1 year ago

Why not just cap the prices of essential goods and services

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[-] PM_ME_YOUR_ZOD_RUNES@sh.itjust.works -3 points 1 year ago

I've always been a big proponent of UBI. But after speaking with my communist brother recently he opened my eyes to something. If UBI get's implemented, big corporations will just increase prices and completely/partially negate it.

What we need is a NEEDS income. We establish what are basic needs, housing, healthcare, food, etc.. and make sure that all of these needs are met.

[-] CeeBee@lemmy.world -1 points 1 year ago

But after speaking with my communist brother recently he opened my eyes to something.

I was certain this comment was satire at first, but now I'm not so sure.

[-] Wogi@lemmy.world -1 points 1 year ago

I'm so glad people are starting to see this.

In 2008 there was a first time home buyer credit announced, and suddenly overnight every house on the market went up by about 10 grand.

The market is only a measure of how much wealth can be squeezed out of the working class, and the market always goes up. If UBI became a thing, suddenly everyone has another 2 grand to spend, and everyone will want their cut.

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[-] Lilweed2@lemmy.world -4 points 1 year ago

Isnt this just going to lower the value of the currency aka inflation?

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[-] FatTony@lemmy.world -4 points 1 year ago* (last edited 1 year ago)

How do they plan to finance this?

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this post was submitted on 16 Oct 2023

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