Then whats the point, of a guaranteed income? Peoples lot in life will not change as evidenced by when minimum wage increases...
Liberals 'reconnected' with Canadians, Trudeau says, as party adopts new constitution
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Then whats the point, of a guaranteed income? Peoples lot in life will not change as evidenced by when minimum wage increases...
Yep, when minimum wage increases the slum lords take about 50% right off the bat! Ckskrs!
But that's not what happens!
So the doctors and lawyers and candlestick makers would get that on top of their salary? Oh, I think I get it, you just run the mint in the evening and holidays and weekends!
But wouldn't the cost of living increase? It would replace welfare wouldn't it and would guaranteed income alone be enough to get a person over the poverty line when the price of everything else increases?
I don't think so because its quoted in the article that guaranteed income would be implemented to get rid of welfare.
Im still waiting on an answer, got one?
I have been looking into it and an Alaskan 1982 and Kuwait 2011 model argue against my assumption of inflation... Are you savvy about economics ? Teach me what you know, so i know...
Well then, comrade, I'm just going to jump right in it.
Capitalism increases the cost of living. The entire point of the model is constant growth. The cost of living has gone up steadily for decades. Corporate profits shatter records constantly. "The economy" has far overtaken the pre-recession high point from way back in 2008. Jobs numbers go up and down but are averaging up over time. But have things gotten better? Wages started stagnating decades ago. High paying jobs are outsourced and new jobs are in low paying service sectors. Now the cost of the things you need is higher relative to your wages than it would have been 40 or 50 years ago. That's the cost of living. Decades of recording breaking profits and massive wealth redistribution to the top, and a greater percentage of lower class incomes going to the basic needs of life.
If people were given a guaranteed minimum income, the effect would simply be that people have to spend a lesser proportion of their income on basic needs. How would this increase the cost of living? What reason would there be for the price of things like food, housing and transportation to go up?
(it's the need for more profit)
Hmm I like your explanation and stand corrected in regards to inflation, I learned something. The examples from my previous post mentioned the same points because it's what actually happened.
Next question, would guaranteed income be a viable replacement the current welfare system? It is mentioned in the article
Next question, would guaranteed income be a viable replacement the current welfare system? It is mentioned in the article
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There's a lot to it, Corduroy. First of all I'm dead against GIVING people anything unless they are totally incapable of fending for themselves. Comparing things now to 40 or 50 years won't work. Just look at the stuff you have in your house now compared to 40 years ago. Why do you think we need 2200 sq. ft. of living space for 2 or 3 people compared to 800 square feet for 6 or 7 people 40 years ago? A lot of its mainly due to all the junk we've acquired. How many vehicles are parked outside the average house now compared to 40 years ago? We're caught up in a sickness that is only going to get worse.
I'm glad I was able to help, but don't just take my word for it
The underlying premise behind welfare is the same as guaranteed income. There's this idea that welfare is a safety net that prevents people from falling too far into poverty. That's basically the same idea behind a guaranteed income. No one can be in poverty. Unfortunately the money given in welfare doesn't lift people out of poverty. It just puts them on life support and in practice it's hardly even that. There are also stipulations which require extensive government surveillance of your life and depending on where you live you are also subject to certain limits. People on welfare also cannot afford other necessities of life, housing in particular, and so need other government programs to access them. These programs are always lacking resources.
The benefit of a guaranteed minimum income is that it's enough to live on.
I know how this will work. Mathematically speaking, it's a shoe in.
The federal government will be buying US Power Ball tickets. If we buy billions of dollars worth of tickets over a period of two or three years, we will win first prize. We'll just keep doing that! Simple really.The Power Ball lottery is sitting at $425 million, as of this post.
But that's just one lottery. Don't forget the Mega Millions. It is $235 million. The new federal Ministry of Lotteries will use a percentage of Canadian tax money to play the large US lotteries. In time, they will branch out to Vegas, Monte Carlo and other lucrative gambling places.
It won't be long before Canadians are swimming in cash!
Oh Canada! We're in the money!
The federal government will be buying US Power Ball tickets. If we buy billions of dollars worth of tickets over a period of two or three years, we will win first prize. We'll just keep doing that! Simple really.The Power Ball lottery is sitting at $425 million, as of this post.
But that's just one lottery. Don't forget the Mega Millions. It is $235 million. The new federal Ministry of Lotteries will use a percentage of Canadian tax money to play the large US lotteries. In time, they will branch out to Vegas, Monte Carlo and other lucrative gambling places.
It won't be long before Canadians are swimming in cash!
Oh Canada! We're in the money!
So you're against all social programs? I know you're not, but that's the grammar of your sentence.
Honestly, you old people seem to have no knowledge of any experience outside your own, which is probably why you think you had it tough while actual facts show that establishing yourself financially was a cakewalk compared to what young people have to deal with today.
I'm a millennial in Vancouver. You just told me to look at the stuff I have in my house compared to 40 years ago. For one, I wasn't even alive 40 years ago. I can't look around my house and see all my stuff because I don't have a house. You might look around at your peers and see gigantic houses full of stuff, but I can't.
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