The Briefing Room

General Category => Economy/Business => Topic started by: ABX on March 08, 2016, 03:42:33 am

Title: Helicopter Money Comes To Canada: Ontario Pledges "Basic Income Experiment"
Post by: ABX on March 08, 2016, 03:42:33 am

Quote

...Ontario is set to become the latest locale to float the idea: “Ontario has announced it could soon be sending a monthly cheque to its residents as it plans to launch an experiment testing the basic income concept."

Here are some excerpts from Ontario’s budget statement:

    "The pilot project will test a growing view at home and abroad that basic income could build on the success of minimum wage policies and increases in child benefits by providing more consistent and predictable support in the context of today’s dynamic labour market.

     

    “The pilot would also test whether a basic income would provide a more efficient way of delivering income support, strengthen the attachment to the labour force, and achieve savings in other areas such as health care and housing supports. The government will work with communities, researchers and other stakeholders in 2016 to determine how best to implement a Basic Income pilot.”
.....

http://www.zerohedge.com/print/526097

Title: Re: Helicopter Money Comes To Canada: Ontario Pledges "Basic Income Experiment"
Post by: A-Lert on March 08, 2016, 04:27:02 am

This I've got to see!

Title: Re: Helicopter Money Comes To Canada: Ontario Pledges "Basic Income Experiment"
Post by: Frank Cannon on March 08, 2016, 05:03:14 am

This will be an utter and complete disaster, just like every time it is tried.