The problem(s) with a guaranteed annual income

The problem(s) with a guaranteed annual income

From Italy to India, the basic annual income is back in the news. Around the world, eight jurisdictions — including Kenya, Finland, the Netherlands, Uganda and California — are conducting experiments providing regular payments to cover basic living costs, regardless of recipients’ economic situations.

With welfare programs consuming billions of tax dollars without eliminating poverty, and with robots poised to seize more jobs and make more people redundant, governments are seizing the moment and launching test runs of different types of guaranteed annual income (GAI) programs.

Add Ontario to the list. This month, the provincial government will unveil a basic […]

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