The Discussion of A Basic Income Resurfaces In Canada


Canadians are once again tossing around the idea of implementing a basic income. In Ottawa specifically, government officials are pushing for the state to research the basic income agenda in debt. And Ontario's provincial budget has just announced that later this fall a selected region in Ontario will move forward in trying to experiment with the basic income plan. Although they won't be the first in Canada to have tried it. The plan would supplement already established welfare programs in an effort to meet the need where welfare funding is falling short. It is said by some who support the initiative, that the proposal would work as a sort of tax credit in order to ensure help for those who report their income to be at a poverty level.

 

What's The Problem We're Trying To Fix With The "Basic Income" Solution?

 

One reality facing millions of Canadians is that they don't feel that they have enough money to pay for the things that they need in life. Their money just doesn't seem to be going far enough for them. Millions are living in poverty, at least 1 in every 5 children within the country. People are suffering and they need their money to do more for them, go further for them in helping them get what they need. Advocates of the basic income plan cite income inequality and poverty as reasons for Canada to consider opting with basic income on a broader scale. But offering money to cover up the problem that your money isn't going far enough in buying you the services and goods you need, does not do much to address the underlying issue.

 

Many supporters of the basic income initiative say that what we have done for far too long is simply not working, and they are right, but a basic income isn't going to solve the issues of poverty. There is a much deeper issue that is contributing to the problem. Offering a basic income doesn't provide a coherent solution if you are simply going to continue to operate with a monetary system that perpetually erodes the value of your currency. Giving away money might seem like a solution in the short run, but it won't correct the underlying problem that you are working with a corrupt monetary system that will unceasingly push even more individuals into poverty in the future.

 

A recent Environics poll from back in 2013 found that a majority of Canadians would be in favor of the basic income. And it's no surprise that political representatives, rather than address the underlying problems of our currency too, are quick to support this basic income initiative as well. But if the Canadian government really cared about the standard of living for their citizens, then they would see to it that they didn't continue to operate with a monetary system that eroded purchasing power for them.

 

Perhaps if every single Canadian hadn't lost over 90 per cent of their purchasing power over the last couple of decades, then they wouldn't be so desperate to support an initiative which seeks to give them money to be able to afford what they need. Maybe if Canadians could use their money to buy 90 per cent more in the market, then they would be in a much better off position. Ontario's Finance Minister, Charles Sousa, has said that thus far the province hasn't determined which community is going to be chosen for the test site of the project; expected to begin later this year.




 

 

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