Basic income will need tax increases and spending cuts: Study

Basic income will need tax increases and spending cuts: Study

Halifax –

A new study published Thursday said that a guaranteed basic income in Canada would help alleviate poverty, but could also jeopardize the financial sustainability and labor supply for some provinces.

Providing people with a monthly check will ensure that everyone has enough money to meet their basic needs, including food, housing and clothing, the report from the Atlantic Provinces Economic Council, a Halifax-based economic think tank, said.The study found that income support would reduce inequality, create a sense of financial security and encourage saving.However, the report said that a basic income program — whether it’s needs-based or comprehensive, with […]

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.