www.google.ca/amp/s/sec.theglobeand...nd-who-qualifies/article34795127/?service=amp
Ha ha nice. Where do I sign up?
Ha ha nice. Where do I sign up?
Ontario experimenting with free money
- Thread starter rafterman
- Start date
I foresee any problems with this, not least of which is the strain this will put on the governments, as I'm sure that this will eventually be downloaded to the municipal level.
I also agree with what this economist said;
One economist said the basic income plan could become a disincentive to work, because every dollar earned would reduce the amount of government benefits paid.
“There would be an incentive to get basic income. But then the incentive to earn more through work would be blunted by the fact that each dollar one earns would reduce your basic income by 50 cents,” said Douglas Porter, chief economist with Bank of Montreal, who called it “an effective tax rate of 50 per cent.”
Another issue I see is the misuse of funds, for things that aren't considered essentials, like booze and drugs.
I also foresee people moving to these areas, not hordes of them, but there will be those who will do so just to take advantage of this. The future strain felt will not be light.
I also agree with what this economist said;
One economist said the basic income plan could become a disincentive to work, because every dollar earned would reduce the amount of government benefits paid.
“There would be an incentive to get basic income. But then the incentive to earn more through work would be blunted by the fact that each dollar one earns would reduce your basic income by 50 cents,” said Douglas Porter, chief economist with Bank of Montreal, who called it “an effective tax rate of 50 per cent.”
Another issue I see is the misuse of funds, for things that aren't considered essentials, like booze and drugs.
I also foresee people moving to these areas, not hordes of them, but there will be those who will do so just to take advantage of this. The future strain felt will not be light.
During the experiment it's only if you have been in the test area for a year. I would imagine this would have to be the case if implemented province wide.
My big issue is the temptation to raise the amount as an election goodie down the road. Also that they don't lose all the other programs(and employees to run them) so we lose out on the savings.
More fiscal irresponsibility on the part of the Wynne Government.
This liberal government needs to be decimated in the next election already.
The solution to the problem is not free money, it's creating an environment for enterprise to flourish and grow and expand and this kind of nonsense does exactly the opposite.
This liberal government needs to be decimated in the next election already.
The solution to the problem is not free money, it's creating an environment for enterprise to flourish and grow and expand and this kind of nonsense does exactly the opposite.
