[Tammy8]

That is not how I understood it to work. According to the article people would be assured a minimum of $20,000 annually to make ends meet where does it say everyone gets $20,000.? To me it means someone with no income would get that amount but if you earn say $15,000. it would seem to me you would only get $5,000. and if you earn $20,000. or more you would get nothing.

[Dark Knight]

Is that $20K CAD or $$20K USD...

If there is not a difference now, there will be.

DK

[ltc8k6]

“To me it means someone with no income would get that amount but if you earn say $15,000. it would seem to me you would only get $5,000. and if you earn $20,000. or more you would get nothing.”

Why would you work for $15k per year, plus $5K free, if you could not work and get the whole $20K per year anyway?

No one would work for $15K per year, if they could get $20K per year for free.

So, all jobs would have to pay well over $20K per year to attract anyone.

You probably aren’t going to work hard for $25K per year, if you can get $20K per year for doing nothing.

[Decombobulator]

What you’re describing is a negative income tax.

A guaranteed basic income is when an amount of money is distributed to everyone unconditionally, regardless of any income they already have. (http://en.wikipedia.org/wiki/Basic_income )

The article is a bit vague, but I don’t think they’re proposing a negative income tax.

[octex]

According to the article people would be assured a minimum of $20,000 annually to make ends meet where does it say everyone gets $20,000.? To me it means someone with no income would get that amount but if you earn say $15,000. it would seem to me you would only get $5,000. and if you earn $20,000. or more you would get nothing.
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That’s the same way I understand it, Tammy8. ...Yet, for people who think they can live on $20K there is no incentive for them to work.