Rising old age security spending dampened by CPP increases: Report

OTTAWA — A mandatory review of the country’s largest seniors benefit program is predicting all-time highs in spending over the coming years with waves of baby boomer retirements — spending levels that could have been even higher if not for changes to the public pension program.

The report is the first glimpse into how the CPP expansion, phased in over the next 40 years, will affect old age security.

The country’s chief actuary writes in his report that program spending is projected to hit about $247 billion by 2060, an almost five-fold increase from planned spending this year, as more Canadians […]

Explore Lady, Html and more!

Explore Lady, Html and more!

The Tap Keep On Taps To Look Education Beauty Life Products Html Day The Tap Planned Obsolescence within Basic Income Guaranteed See more The Secret Marketing Band Aid Html Money Social Networks Life Engineering Small Businesses 7 Reasons to Use Groupon for Your Small Business By now you may have heard of the popular online coupon marketplace known as Groupon. With Groupon, businesses can offer steeply discounted services or. See more Economists Reading Life Html Environment How will companies be nationalized and do you foresee any resistance? Within LIG, nationalized companies would not be owned by the gov. See […]

How ‘bulls**t jobs are causing an ‘an epidemic of stress’ – and why we should be working a 15 HOUR week

How 'bulls**t jobs are causing an 'an epidemic of stress' - and why we should be working a 15 HOUR week

With Australians working more hours than ever before, some academics are calling for a 15 hour work week alongside a universal basic income.

Dutch historian Rutger Bregman says working a shorter week in combination with a guaranteed income would give people the freedom to do what they really want.

He agrees with anarchist activist economist David Graeber, who has long been a critic of what he calls ‘bulls**t jobs’. With Australians working more hours than ever , prominent thinkers are calling for a 15 hour work week and the elimination of pointless ‘bulls**t jobs’ (pictured, stock image) Dutch historian Rutger Bregman […]

Richard Branson is Seriously Passionate about Universal Basic Income

Richard Branson is Seriously Passionate about Universal Basic Income

Virgin Group founder Richard Branson became the latest billionaire to support the idea of universal basic income this week, saying that the concept should be “further explored” to help every member of society have the “opportunity to work and to thrive.”

Branson broached the topic of UBI in a blog post on Monday that he writes was inspired by a recent meeting with The Elders, a nongovernmental organization of former statesmen and world leaders. He specifically pointed to Finland’s experiments with basic income as an example of governments providing a guaranteed monthly stipend to low-income or unemployed citizens, replacing […]

Government Guaranteed Income is Not a Solution

Government Guaranteed Income is Not a Solution

Summary:
Excerpted from Fallacies of the Negative Income Tax. Published in Man vs. the Welfare State. Reprinted from Mises.org Recognizing the calamitous erosion of incentives that would be brought about by a straight guaranteed-income plan, some reformers have advocated what they call a “negative income tax.” This proposal was put forward by the prominent economist, Professor Milton Friedman, of the University of Chicago, in his book Capitalism and Freedom, which appeared in 1962. The system he proposed would be administered along with the current income tax system. Suppose that the poverty-line income were set at ,000 per “consumer […]

Richard Branson is Seriously Passionate on Universal Basic Income

Richard Branson is Seriously Passionate on Universal Basic Income

Virgin Group founder Richard Branson became the latest billionaire to support the idea of universal basic income this week, saying that the concept should be “further explored” to help every member of society have the “opportunity to work and to thrive.”

Branson broached the topic of UBI in a blog post on Monday that he writes was inspired by a recent meeting with The Elders , a nongovernmental organization of former statesmen and world leaders. He specifically pointed to Finland’s experiments with basic income as an example of governments providing a guaranteed monthly stipend to low-income or unemployed citizens, replacing […]

Why Basic Income? – YouTube

Why Basic Income? - YouTube

Why Basic Income? – YouTube See more How to Start a Small Sewing Business Guaranteed Income Exploring Martin Luther King Economics Martin O’malley Politics Download free Basic Income Guarantee: Your Right to Economic Security (Exploring the Basic Income Guarantee) pdf See more The Scottish National Party has backed the idea of a universal basic income for an independent Scotland The Age What Is Phones A simple video explaining why we need universal basic income, what it is, and what it can do for society. Video by http://futurethinkers.org See more Human Rights Economics Europe BASISINKOMEN.be | Belgisch Netwerk voor het […]

Explore European Parliament, Social Security and more!

Explore European Parliament, Social Security and more!

Unconditional Basic #Income (UBI) is an amount of #money, paid on a regular basis to each individual unconditionally and universally, high enough to ensure a material existence and participation in #society. It differs from traditional guaranteed minimum income (GMI) / social security schemes by removing the bureaucracy and its costs as well as the stigma of means-testing. Few debates highlight the many complex issues around how governments should share a nation’s wealth and resources as much as the current discourse on basic income. Also referred to as a citizen’s income, the policy generally refers to the unconditional and universal […]

Today’s letters: We must resolve supply management, leave assisted dying to hospitals

Today's letters: We must resolve supply management, leave assisted dying to hospitals

Sheep graze in England in 2015. A letter writer who runs a sheep and cash crop operation is concerned about the effect of supply management on Canada’s farms. (Photo by Matt Cardy/Getty Images) A farmer laments supply management, while other letter writers weigh in on Bryan Murray, animal welfare and abortion.

Got thoughts? Write us at letters@ottawacitizen.com .

We must resolve supply management issue Re: Milking supply management, Aug. 11 As one who experienced the benefits of supply management when it was established in the 1970s, I now see its downside.Many European farmers, unable to access […]

A Universal Guaranteed Income Will Rip Our Society Apart

A Universal Guaranteed Income Will Rip Our Society Apart

Why a Universal Basic Income Will Be a Calamity — How long before the elites decide the unemployed underclass shouldn’t have the right to vote?

The above is an opinion article from today’s Wall Street Journal, which is behind a pay wall. It’s in the print edition if you have it. I don’t want get in trouble for posting it verbatim so here are my own words which pretty much agree with what’s in the article.

A guaranteed income will create a segment of the population deeply resistant to work. Those in the new class it spawns will refuse to […]