Will Basic Income Increase Or Decrease Bankruptcies?

Will Basic Income Increase Or Decrease Bankruptcies?

The Ontario government just announced a pilot project to test a basic income for low-income earners in Hamilton, Brantford, Lindsay and Thunder Bay. Participants will need to apply, and once accepted into the program they will be guaranteed an income of just under $17,000 a year, less 50 per cent of any income earned. Couples will earn around $24,000, less 50 per cent of earned household income.

Will the program be successful? I have no idea.

The answer will, in large part, depend on what will be measured. Proponents of basic income look beyond the primary goal of poverty reduction , […]

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