Basic income is the idea that people will have enough money to live (food and shelter) regardless of their employment status. Manitoba tried this decades ago and it worked, but was cancelled for political reasons. A basic income is needed now more than ever since robots are going to take all the jobs. Plus, inequality is growing at an alarming rate and we need policies that help stymie this growing disparity in wealth.
Let’s hope this trial run in Ontario is another success!
The general concept is that the government would ensure that all citizens have enough income to cover basic needs. One option for such a program is for the government to set a basic amount, such as $18,000 a year, and people whose income is less could receive payments to bring them up to that level.
â€œWe will be testing the potential of a basic income to determine if it will provide more consistent support to clients, streamline the delivery of income support, and achieve savings in other areas, such as health and housing supports,â€ Ms. Jaczek said.