I’m convinced it will happen and AI will be the catalyst. Putting a critical mass out of the job with no backstop will be straight up dangerous for the ones who made it happen. Basic income as an insurance policy against civil unrest, essentially.
CzechUsOut on
In theory it could work, get rid of all social assistance programs and replace with a UBI. This government would royally fuck it to with half measures, carve outs, exceptions and any other thing they can do to mess it up. Until I see a government that would actually go the whole way in implementing it if rather it not happen. I also believe this would have to be an election issue and governments running on it as a mandate.
raz_kripta on
One can hope.
We can’t go on like this forever… salaries stagnating or declining over time while the number of job positions shrink relative to population. At the same time, everything is getting more and more expensive. Plus AI eliminating up to 40% of jobs by 2030… it is an impossible situation driven by capitalist incentives.
The *only* solution is a Basic Income for everyone.
NerdMachine on
$20,000 per year for the ~33M Canadians over 19 years old would be about $660B. Total expenditures now are Around $585B.
So unless you are OK with doubling government spending I don’t see how that is possible. And yes some other programs will be offset, but even if we offset 20% of **total** government spending we are still doubling gov spending or close to it.
RNTMA on
I wish the people who were pushing this could actually lay out the economics of it, because all the numbers I’ve seen have massive accounting errors, the most common being a lack of understanding between „monthly“ and „yearly“. Then you have the „proof document“ for UBI which basically amounts to fairy tale accounting.
Say you gave everybody in Canada 1k per month. That would cost about 500 BILLION per year, which is simply not possible. But UBI „advocates“ claim this will only cost 35 billion, which makes no sense.
The biggest fiscal hole we have right now is an growing senior population, which will inevitably require cuts in the future, not growth of these programs. The future is austerity, not whatever the heck this is.
Spirited_Floor_240 on
Will destroy the tiny amount of prosperity that the average Canadian has left. It will be that final nail in the coffin.
1user101 on
Negative income tax and 22% GST.
NIT to offset costs for those under the median income. But you can’t tax haven GST.
UBI is just the worse way of doing it
Eleutherlothario on
Is this issue back? Wow, I remember discussing this many years ago, and hearing about how the government dumping a pile of money into the economy would cause massive inflation. Then COVID came along, the government dumped a pile of money into the economy and we got massive inflation.
Good times
nantuko1 on
Maybe like this? First cancel most other support programs. Then $300-$2000 per month scaling with age starting at 16. Only if you earn under 100k per year. Should be a simple qualification system or it will cost a fortune to maintain and audit.
Let’s be real though, UBI is not a great solution. The real solution for sustainability long term is to drive down the cost of housing and food to near zero.
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I’m convinced it will happen and AI will be the catalyst. Putting a critical mass out of the job with no backstop will be straight up dangerous for the ones who made it happen. Basic income as an insurance policy against civil unrest, essentially.
In theory it could work, get rid of all social assistance programs and replace with a UBI. This government would royally fuck it to with half measures, carve outs, exceptions and any other thing they can do to mess it up. Until I see a government that would actually go the whole way in implementing it if rather it not happen. I also believe this would have to be an election issue and governments running on it as a mandate.
One can hope.
We can’t go on like this forever… salaries stagnating or declining over time while the number of job positions shrink relative to population. At the same time, everything is getting more and more expensive. Plus AI eliminating up to 40% of jobs by 2030… it is an impossible situation driven by capitalist incentives.
The *only* solution is a Basic Income for everyone.
$20,000 per year for the ~33M Canadians over 19 years old would be about $660B. Total expenditures now are Around $585B.
So unless you are OK with doubling government spending I don’t see how that is possible. And yes some other programs will be offset, but even if we offset 20% of **total** government spending we are still doubling gov spending or close to it.
I wish the people who were pushing this could actually lay out the economics of it, because all the numbers I’ve seen have massive accounting errors, the most common being a lack of understanding between „monthly“ and „yearly“. Then you have the „proof document“ for UBI which basically amounts to fairy tale accounting.
Say you gave everybody in Canada 1k per month. That would cost about 500 BILLION per year, which is simply not possible. But UBI „advocates“ claim this will only cost 35 billion, which makes no sense.
The biggest fiscal hole we have right now is an growing senior population, which will inevitably require cuts in the future, not growth of these programs. The future is austerity, not whatever the heck this is.
Will destroy the tiny amount of prosperity that the average Canadian has left. It will be that final nail in the coffin.
Negative income tax and 22% GST.
NIT to offset costs for those under the median income. But you can’t tax haven GST.
UBI is just the worse way of doing it
Is this issue back? Wow, I remember discussing this many years ago, and hearing about how the government dumping a pile of money into the economy would cause massive inflation. Then COVID came along, the government dumped a pile of money into the economy and we got massive inflation.
Good times
Maybe like this? First cancel most other support programs. Then $300-$2000 per month scaling with age starting at 16. Only if you earn under 100k per year. Should be a simple qualification system or it will cost a fortune to maintain and audit.
Let’s be real though, UBI is not a great solution. The real solution for sustainability long term is to drive down the cost of housing and food to near zero.