OPINION: Universal Basic Income is expensive, a disincentive to work

OPINION: Universal Basic Income is expensive, a disincentive to work

Screen Shot 2024-03-14 at 12.36.41.jpeg The Canadian government is studying a bill for the implementation of Universal Basic Income (UBI), which if implemented, might prove disastrous for the country.

Under the bill, all people above the age of 17 years will be eligible to get a guaranteed liveable basic income, which is around $2,000 each month.

Rather than giving “no strings attached” money to all, the government should give it to those in need — targeted income guarantees — and save tax money. Another option is to increase the minimum wage in the country, as it could help people earn a […]

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