The Parliamentary Budget Office (PBO) this week released an estimate of what it would cost to make basic income a reality in Canada. If the whole country adopted the model currently being tested out in Ontario, the net cost would be $43 billion a year: $76 billion for the basic income payments, minus about $33 billion in savings from the welfare and disability benefits it would replace.
About 7.5 million Canadians, or roughly a fifth of the population, would see some money coming in from a basic income, the PBO estimated.
The numbers seemed to justify everyone’s preconceived notions about the […]
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