Hope Jamieson
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Hope Jamieson
@hopej709.bsky.social
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Affordable housing nerd. Founder and chief consultant at Annex Consulting. PhD candidate in MUNL's Faculty of Business Administration. They/them.
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hopej709.bsky.social
1/ With the heavy caveat that I don't ever think UBI can succeed without structures like high minimum wage and rent control, I'm glad the work is being done by the PBO to quantify this. Cutting poverty rates by 40% feels like a good start.
Screenshot which reads, "Higher earners could see their income levels drop because of changes in the tax system to implement the basic income support. The report says that while the cost of sending out cheques to qualifying Canadians could reach $107 billion in 2025, the vast majority of that would be offset by cuts or changes to tax credits aimed at low-income Canadians. It also would see the basic personal amount lowered, which is the amount of income individuals can claim free of tax. The PBO said the net cost to the federal government would be between $3.6 billion and $5 billion, depending on the exact model used. The PBO analysis says the number of hours worked by guaranteed income recipients could drop slightly — up to 1.4 per cent. Giroux told The Canadian Press that the analysis did not look at knock-on impacts from lowering the poverty rate, such as a possible reduction in pressure on health care or social services."
February 20, 2025 at 2:22 PM