[GeronL]

and how does this plan work if 80% of the country decides not to work?

[DonaldC]

Is this a living wage?

[alexander_busek]

"For many of us, we think the goal is no one should be living in poverty," Rainer said [...] "That's essentially what we're striving to achieve."

Yes, but it that what they're striving for?

I mean: If that were their goal, too, then there would be no need to re-attach the umbilical cord, would there?

Regards,

[Tammy8]

People who do not work for their keep tend to not care about much in general, except keeping the money rolling in. I can also see the issue of those making just under that or just over that deciding it would make sense for them not to work. I am not an economist, but common sense tells me this is a terrible idea.

[Drango]

I want a pony.

[jocon307]

“..President Richard Nixon tried to introduce such a program for families in the 1960s. That effort was ultimately thwarted by Congress.”

Richard Nixon, communist? Who knew?

[Edward Teach]

Sign me up...send me my $20k to Southern Baja, please.

[Vendome]

BICN?

Add an H and they might have something...

[tumblindice]

I guess I’d pay that much for a Canuck. A new Buick’s about twice that.

[A_perfect_lady]

Time to drop flyers all over Mexico announcing this initiative.

[Chode]

KMFDF... no pity for the LAZY!!!

[Greetings_Puny_Humans]

I think the Canucks would be happy with just a six pack of beer and a hockey stick.

[Empireoftheatom48]

Gee and Cruz just renounced his Canadian citizenship!

[Praxeologue]

Canada currently has something called the Guaranteed Income Supplement for seniors 65+ that tops up the Old Age Pension to about $1,250 per month or $2,300 per couple. This is clawed back to the extent of 50% of income over $3,000 per year. Because federal tax starts at 17%, the effective marginal tax rate for a senior for income over $3,000 is 54% until the OAS and GIS is fully clawed back at around $38,000.

So this professor is talking about a minimum income of $1,700 per month per adult of whatever age. This is equivalent to $10 per hour for an average job. For comparison, the minimum wage in Ontario has just been raised to $11.

[idov]

From the 1930s to the 1970s there was a party in Canada called Social Credit. They were dominant in a few provincial governments for years and always had a good representation in the federal government.

Their philosophy was that all the federal government has to do to overcome poverty is print money and send it out to citizens. They were called the “funny money” party but in the Depression when they started, that wasn’t such a crazy idea.

I don’t know if this generation even remembers Social Credit but these guys here seem to be going down that road.

[dalereed]

If we could limit our welfare cases to just $29k a year for all benifits we could balance the budget!

Our leaches get almost $40k a year now.

[Secret Agent Man]

prices immediately react so that cost of living rises 20 grand a year to offset this.

[Bobalu]

In 20-25 years this makes perfect sense.

But! Until automation technology is in full swing it cannot work.

The day is coming when most people will not work, but they will not depend on others working for them..that is the key thing!

Socialism does not work! Automation does work!

[The Duke]

Can I take mine in gold?