I’m overflowing with my own. I specifically have one idea involving MCP servers that I should finally put out there

Maybe we are reading different impact results about the Finish case study? We may be reading Friendman differently as well. 😆 I’ll have to go back and educate myself on that one.

I mean what you’re witnessing right now is billions flee Canada to US because of a lower taxation regime. We didn’t even have to touch our own taxation policy and we’re already losing. Imagine what increasing it to 10% would do!

I personally think the recent budgets’s super deduction tax reduction is brilliant. Allow businesses to write off capital expenditures which encourages positive spending. Remove the burdens holding back companies from spending and investing.

Don’t lower their capital gains or income taxation.

I’m not sure you understand how capital works at that level if you think 10% isn’t a significant tax levy.

There’s no political will because the idea is antithetical to sound economic principle.

There have been many UBI attempts with smaller states ie Finland is the most referenced. The results weren’t obvious or valuable.

I’ve seen the metrics. Yes it’s bad, I agree. But you haven’t really answered any of the consequences inherent in UBI.

Redistribute capital via opportunity creation by encouraging spending and investment and then create stronger safety nets out of the return of that economic activity.

So your suggestion is to tax the remaining money that’s here which would only spur more attrition? At some point there’s nothing left to tax.

Makes far more sense to create a positive economy where money is spent domestically, doesn’t flee and produces jobs and opportunities.

I mean we haven’t really been trying to grow the economy for the past 10 years in Canada. Whatever we’ve been doing hasn’t been working at all. There’s been no growth.

Also can you list countries at scale that have successfully deployed UBI? I see you’re from a foundation focusing on this and I’ve been looking for case studies that support its viability for years.

Capital flees very quickly and for things much less than a 10% tax increase (which is huge). Where did you get 10% in the first place? Won’t be enough.

Sure it may create *some* economic activity but the reality is you’re also taking money out of the economy by taxing. So it’s kind of a wash.

UBI may seem like the treatment to the problem but it would kill the patient over time.

It's very easy to levy taxes to solve problems but the true solution is to grow the share of the pie. We need better high paying jobs, quality healthcare & education and less time at work.

Improve the economy,

Of course it needs new money? Money doesn’t stay in the economy it flows in an out. There are costs with sustaining the QoL we have. Many of those costs are external costs.

I’m not sure what money gained from lifting being lifted out of poverty means? You’re assuming a closed loop economy?

Social assistance won’t be anywhere near enough and takes away from other programs. The rich will just flee with their money.

UBI just isn’t a viable idea unless you have a very powerful sustaining economy or permanent source of funds ie royalties on commodities or similar.

We have neither.

How would you sustain UBI?

Absolutely pisses me off. King-Liberty would have been excellent for me. :(

The irony of it all is that Reagan actually did leverage tariffs on steel, motorcycles, semiconductors and even Canadian lumber. Sooooo probably not the best ad concept to begin with.