If someone can make hundreds of millions of dollars while being taxed at 80% (Or 2 million net earned per 10 million gross gained at the top of my 5 minute tax structure) they either cheated and should be dealt with appropriately, or deserve it for never sleeping.

Cheated, stolen it, and had other people break their bodies to “earn” it.

We’re about to see trillionaires in our lifetime, which is obscene. Cap wealth so the hoarding can stop.

Idk, I feel like landlords would just jack prices by whatever the ubi payments are. Ubi is a good idea for sure, but it’s only a piece.

Every study of UBI has been overwhelmingly positive also every study of UBI has ended without enacting UBI. They will continue to study it until they get the answer they want.

TL;DR - The document discusses the results of a universal basic income (UBI) trial in Canada, which was conducted in Southern Ontario between 2017 and 2019. The trial, which was cancelled prematurely, showed that participants experienced improvements in mental health, housing stability, and social relationships, as well as reduced visits to hospitals and doctors. The UBI payments, which were designed to reduce poverty and encourage work, were found to have a positive impact on participants’ physical and mental well-being, with many reporting decreased use of alcohol and tobacco. The trial also dispelled concerns that UBI would lead to unemployment, with only 17% of participants leaving their jobs and nearly half of those who stopped working returning to school or university to up-skill. The report suggests that UBI could be a useful public health strategy and that the safety net provided by the UBI project helped participants find better jobs with higher wages and improved working conditions. [AI Summary]

Controlled rent would also be fantastic and has worked in economically diffuclt times like COVID. I don’t see why it wouldn’t work again during the recession we are spiralling towards.

Because the only people who support it are students and academics and think tanks.

I own my own home, I support my wife with my single income, and we have enough savings that recently being unemployed for several months did not cause any financial hardships.

I support UBI even though I personally would not benefit from it, and I should be taxed more in order to help people who are struggling.

Not everyone operates under “fuck you I got mine”.

You’re looking at one tax. If you look at ALL Canadian taxes, income tax, provincial taxes, sales tax, import taxes, fuel taxes, property taxes, health services taxes, business taxes Canadians actually pay about HALF of their gross income in taxes. We are f’n taxed to death in Canada.

Who said anything about ‘fuck you I got mine?’

First of all Canada already has a TON of social supports for anyone who is in need. We have Employment Insurance if you lose your job. We have Old Age Security and Canada Pension Plan for seniors. We have Child Tax Credits for parents and especially single parents. We have the GST credit to give back taxes to low income earners. We have the Canada Workers Benefit. We have the Canada Disability Benefit. We have the Assured Income for Severely Handicapped. We have disability pensions. We have Universal Pharmacare for prescription drugs. We have housing benefits/social housing programs. We have the Canadian Dental Benefit. We have student aid. There are free food banks in every city. And there are emergency funds available for things like rent/damage deposits on an emergency basis from every province through various community agencies, charities, and non-profit organizations.

So WHY do we need UBI on top of all that? If you need help in Canada, you CAN find it. Its already here.

Source: I founded a charity for street kids in one of our major cities thats been operating for 33 years. There is a TON of support out there. The fact is that a LOT of the people on the street know how to use and abuse the system and they dont WANT to get out of it because its what they grew up in and what they are accustomed to. I speak from years of experience.

You’re looking at one tax. If you look at ALL Canadian taxes, income tax, provincial taxes, sales tax, import taxes, fuel taxes, property taxes, health services taxes, business taxes Canadians actually pay about HALF of their gross income in taxes. We are f’n taxed to death in Canada.

To be fair, if 8% exits the labour market that would have a pretty severe economic effect, no?

You’re looking at one tax. If you look at ALL Canadian taxes, income tax, provincial taxes, sales tax, import taxes, fuel taxes, property taxes, health services taxes, business taxes Canadians actually pay about HALF of their gross income in taxes. We are f’n taxed to death in Canada.

Show your work, please. I’m pretty sure it’s closer to 25-30%.

Edit: confirmed. I did the math. It’s closer to 35% for most people. Including income tax, sales tax, and property tax.

These studies are annoying. “Study finds if you give people money they do better in life” Wow. Such rocket science.
But for all the radical socialists trying push UBI, you will note that NONE of them want to pay for it with their tax increases (do they even pay taxes?). Which is the entire problem. There may be some savings in the system but the COST will be borne up front by the taxpaayer. And since WHEN in the history of mankind, if a gov has saved some money in other areas, have they LOWERED taxes due to the savings? Never.

Therefore UBI is sever going to happen. Because the only people who support it are students and academics and think tanks. The rest of us live in reality and are sick of our very high tax burden in Canada. So enough with the studies, kill this idea once and for all.

You’re looking at one tax. If you look at ALL Canadian taxes, income tax, provincial taxes, sales tax, import taxes, fuel taxes, property taxes, health services taxes, business taxes Canadians actually pay about HALF of their gross income in taxes. We are f’n taxed to death in Canada.

Many middle class Canadian pay 25% or more just in income tax. Then you have to add sales taxes, property taxes, and the rest.

I would say he is about right.

The top income tax bracket is over 50%. If you are very high income, you can pay well over 30% just in income tax (overall).

For anybody that does not understand progressive income tax brackets, a top rate of 50% does not mean you pay 50% on all income. You pay nothing to a certain point, pay a lower percentage up to a certain level, and then it goes up on what you make beyond that level. On the 30,000th dollar you make, you might pay 25 cents tax. On the 200,000th dollar, you might pay 53 cents. On your first dollar, you pay nothing.

To be real about it. Who is going to say it was bad receiving extra money a month? I understand the health data portion. Question remains is it sustainable and how would it be paid for?

We’re not quite there yet. Even with offsets by eliminating virtually all other social programs, including socialized healthcare, and slashing the size of military expenditures to almost nothing, doing every single good idea there is to fund it and increasing taxation on the owner class, there simply isn’t enought GDP to support it without spending your way into inflation… not unless you’re a country with a very small population rich in natural resources.

It’s plausible if we can bring the price of energy down to the point that it’s negligible and multiplies productivity almost for free.

We need scalable commercial fusion power to make it work, basically.

I agree with the goal,l. I don’t think people will contribute less without the threat of being unable to meet basic costs of living. I think a lot of people’s contributions to society aren’t adequately captured and recorded by our economic system.

But I’m not naive enough to believe that it can meet all of a person’s cost of living with current tech.