UBI

UBI stands for Universal Basic Income, which is a type of social policy that provides a regular and unconditional cash payment to every citizen, regardless of their income, employment, or other criteria1. UBI is being debated in Canada at various levels of government, but it has not been implemented as a national program yet.

At the federal level, there have been some initiatives to explore the idea of UBI. In February 2021, Member of Parliament Julie Dzerowicz introduced Bill C-273, the first ever bill towards a national Guaranteed Basic Income. The bill would require the Finance Minister to create a national strategy for UBI, including potential partnerships with provinces and territories, and to support dedicated research on the impacts and benefits of UBI2. However, the bill was terminated when the 44th General Election was called on August 15, 20212.

At the provincial and territorial level, there have been some experiments and proposals to test or implement UBI. For example:

  • In 2017, Ontario launched a three-year pilot project to provide UBI to 4,000 low-income residents in three communities. However, the pilot was cancelled in 2018 by the new Conservative government before it could be completed or evaluated3.
  • In 2018, Prince Edward Island passed a motion to request the federal government to collaborate with the province on a UBI pilot project. However, the federal government did not respond to the request4.
  • In 2020, British Columbia’s NDP government commissioned a panel of experts to study the feasibility and implications of UBI in the province. The panel released its final report in March 2021, which concluded that UBI was not the best way to address poverty and inequality in BC, and recommended other reforms instead.
  • In 2020, Yukon’s Liberal government announced its intention to work with the federal government and other partners to develop a UBI pilot project in the territory. However, the project has not been launched yet.

As you can see, UBI is being debated in Canada Parliament or any of the provinces or territories, but there is no consensus or commitment on how to design or implement it across the country. If you want to learn more about UBI in Canada, you can use the web search results I provided to find more information. 😊

UBI works differently in different countries, depending on the design and implementation of the program. However, the basic idea of UBI is to provide a regular and unconditional cash payment to every citizen, regardless of their income, employment, or other criteria. Here are some examples of how UBI works in other countries:

  • Iran: Iran implemented a nationwide UBI program in 2010, in which every Iranian citizen received a monthly cash transfer of about 29% of the median household income. The program was funded by the revenues from the reduction of subsidies on fuel and bread. The program was intended to compensate for the higher prices of goods and services and to reduce poverty and inequality. The program had mixed effects on the economy and society. On one hand, it reduced poverty and increased health care and education spending among the poor. On the other hand, it increased inflation and reduced labor supply among some groups2.

These are some examples of how UBI works in other countries. However, there are many more countries that have discussed, proposed, or experimented with UBI in various forms and scales. If you want to learn more about UBI in other countries, you can use the web search results I provided to find more information. 😊

UBI stands for Universal Basic Income, which is a type of social policy that provides a regular and unconditional cash payment to every citizen, regardless of their income, employment, or other criteria1. UBI has been proposed as a way to reduce poverty, inequality, and the effects of automation on jobs and income. However, UBI also faces many criticisms from different perspectives. Some of the criticisms of UBI are:

These are some of the criticisms of UBI. However, there are also many arguments in favor of UBI, as well as variations and alternatives to the basic idea. If you want to learn more about UBI, you can use the web search results I provided to find more information. 😊

Some of the benefits of UBI are:


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One response to “UBI”

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    Admin

    Myron would like citations and sources for info.

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