Guaranteed Basic Income

[ZenOps]

http://www.torontosun.com/2017/04/24...-pilot-project

The beast approacheth!

[ExtraSlow]

Well, if you believe in the concepts behind EI, OAS, etc, this isn't too wild of a concept, however there are lot of people that don't like the idea of anyone receiving money from the government at all.

Being that I just had a "full ride" of 63 weeks of EI, I'm not in a position to judge . . .

[max_boost]

Can't wait. I'll be on it in a few years.

[mr2mike]

Read about that... so basically, we're all going to be employed by the governement soon.

[Buster]

It's not a bad idea...but there is basically zero ability to create a policy which will realize the benefits.

[Xtrema]

Originally posted by mr2mike
Read about that... so basically, we're all going to be employed by the governement soon.

Employed means working.

You don't have to work for this.

But I think setting it at $17K is pretty good. It's not enough to live on but enough to help someone out and reduce strain on other services like Police and Health.

And the minute someone is making $34K, training wheels comes off.

But realistically, I see a bunch of kids, smoking pot and staying in parent's basement just collecting $17K/yr and doing odd cash jobs.

[max_boost]

^^^

Or grown men like me lol

[mr2mike]

Originally posted by Xtrema

Employed means working.

Naw. Just means on payroll.

[A790]

Originally posted by Xtrema
But realistically, I see a bunch of kids, smoking pot and staying in parent's basement just collecting $17K/yr and doing odd cash jobs.

As automation continues to usurp previously "secure" and well-paying jobs, your targeted demographic may change significantly...

[Xtrema]

Originally posted by A790

As automation continues to usurp previously "secure" and well-paying jobs, your targeted demographic may change significantly...

Yeah, I was half joking. Even in China, policy setters are now preparing for only 10% population working in the future.

Everything is on a cycle. I'm sure communism will make a comeback sooner or later. Especially everyone is losing their jobs.

[Tik-Tok]

Where is this money coming from? Higher taxes? Making the person earning $15/hour take home less than the person not working at all?

[A790]

Originally posted by Xtrema


Yeah, I was half joking. Even in China, policy setters are now preparing for only 10% population working in the future.

Everything is on a cycle. I'm sure communism will make a comeback sooner or later. Especially everyone is losing their jobs.

I hear you.

I'm fucking terrified, personally. It's going to be a real shit-show, and way sooner than I think we think...

[Sugarphreak]

...

[J-hop]

Get your kids learning to code at an early age. I'm so glad I took more programming classes than needed and learned a few languages. I watch people who can't make the switch to the general principles and way of thinking you need to understand to code and they are quickly becoming useless even in things as basic as excel

[flipstah]

If I were earning income exceeding the minimum guarantee, does my income go lower or higher?

[ZenOps]

"Participants in three regions will be randomly chosen and invited to apply to the pilot project, in which 4,000 people will be selected. It will cost the government $50 million a year."

So less than what they lent to Kanye.

[ercchry]

Originally posted by Xtrema


But realistically, I see a bunch of kids, smoking pot and staying in parent's basement just collecting $17K/yr and doing odd cash jobs.

I see a lot of kids "finding themselves" in third world countries

...should help with finding jobs though for people who care enough to actually earn money

New goal... work as a contractor for someone else's small business... never draw a salary, collect min-come.... get company to invest all earnings.... ball out after 10 years

[Chandler_Racing]

^ I haven't done small business tax in a while but don't believe it works like that. Investment income in a corporation is subject to the highest personal tax rate as it is not active business income.

There is RDTOH applied to dividends subsequently made to a person which works to reduce this so effectively you "pre-pay" the tax at the highest rate.

[HiTempguy1]

Originally posted by ercchry


I see a lot of kids "finding themselves" in third world countries

Yep.

"Holy crap, I turned 18 and now I get $17k per year for nothing! Lets go be entitled asshats across the world while living expense free in mommy and daddy's basement until 25!"

Fuck that noise.

[My_name_is_Rob]

Why wouldn't they use this money to further supplement post-secondary education? And by that I mean reduce the costs to the point where its cheaper for students. At least this way they would increase the education level of the country, while providing incentive to actually learn. This country is so ass-backwards, and it confuses the hell out of me.