The federal government is looking for feedback from Canadians on poverty reduction. They are accepting feedback right now, until June 2017. There appear to be a variety of ways to contribute.
Candice, Sharon and I (Anemone) met at Hub Mall this evening for about 2.5 hours, talking about the different types of basic income (BI) and their pros and cons (and about a whole lot of other things, too). Here is a basic summary of our discussion of different types of basic income, with some of my own thoughts. Feel free to add your thoughts in the comments.
UNIVERSAL DEMOGRANT VS NEGATIVE INCOME TAX
There are two main types of basic income: a universal demogrant (UD) and a negative income tax (NIT).
A Universal Demogrant (UD) is tax-free money that everyone gets, regardless of what they earn. Higher earners pay higher taxes on their other earnings, and will end up paying more in income tax than they receive as a UD, but they still get the UD up front.
A Negative Income Tax (NIT) is money that some people get, based on their previous year’s tax return. Everyone who earns below a certain amount would have their income topped up by the difference between what they earned and the threshold in the following year.
Negative income taxes can come in various forms, depending on what happens above the threshold. Continue reading
Guaranteed Basic Income on Verge of Take-off in Canada. It holds appeal across the political spectrum. Plus, Elon Musk is sold.
Susan Delacourt, 2 Mar 2017, at The Tyee, reposted from iPolitics.
Guy Caron is promoting basic income in his campaign for the NDP leadership:
“The problem with the NDP is we were never able to submit an economic platform that would actually make people dream, inspire people. This is what I want to do,” Caron said on CBC’s Power & Politics. With a basic income, he said, “people (could) actually think of their future rather than thinking of what they will have to eat.”
Hat tip to Fred Douglas for the link.
Our next meet-up is on Tuesday April 18th (two weeks from today). We’re going to meet at the University of Alberta, in Hub Mall in the LRT Lounge (the area with tables near the south end of the mall on the west side, just up and across from The Tea and Coffee Company), at 6:30 pm. We’ve decided to talk about the different models of Basic Income, so feel free to do some advance reading (or not).