UBI, the plan way out of govt debt

[macdon02]

Well it doesn't take a rocket scientist to figure out Justine blew our wad and has no intention of paying it back, "it'll balance itself". The old switcheroo is coming, he'll take pensions and give UBI. It's the same, but different. He'll take our capital in exchange for future debt. Im quite sure purchasing power will only get stronger..... sarcasm. If pensions get seized, the next step is assets. How much longer are we going to let this go on for? They'll blame a virus, not their regulation.

[TASFarms]

After listening to the governor of South Dakota this already has gone on too long

[burnt]

The centers of "higher learning" have for the past decades been grooming the mindless student body - no, it's mindless corpse - for this time.

1917 all over again. The more you have, the more they will hurt you.

Oh well, I'm sure that Jeff Bezos and Bill Gates will be happy to turn their lil piggy bank over to the likes of the Stoned Sock Puppet and Prez Dementia to redistribute. And then live on a $2000/ month UBI handout...

[checking]

Lots of dumb ass bills are introduced and die on the order paper just prior to elections, and are only introduced late because there is no time left to be signed into law. This won't go anywhere except to the talking point section.

[SASKFARMER]

Checking your probably right but why the **** are they even considering such Bullshit is the main question.

I don't trust the liberals a Death Tax is Coming and Capital gains are gone. Also, a tax on home sales is also in the works.

Skippy will win again as brain-damaged Toronto voters love the free bees and arent smart enough to get who actually pays for it.

[dmlfarmer]

Bill 273 is a private members bill,not Bbill introduced by government. Private members bills rarely are introduced into law.

[bucket]

Dzerowicz should be running for the NDP..

There is a a fair number of NDPers disguised as liberals.

Paul Martin and Chretien have to be ashamed of what the party has become.

[jazz]

Trudeaus own pharmacare potential promise was torpedoed in a vote in the house last week. His entire party voted against it. Only NDP and Greens supported it. UBI would cost Canada $100-150B per yr forever. We could never afford it. we can afford OAS and CPP because its given to people that dont live very long.

This bill will go the same way.

But its a great way to get the govt on record before they go around the country promising everything. I am still waiting for our 2B trees to get planted.

If there is a plan to just take debt and give it to various people and other countries, Trudeau excels at that. But if there is any kind of an operation plan behind it to be executed, its a fail everytime for this govt.

[bucket]

Liberals are failures that are destroying canada !

Yup and alot of them have never had a real job.

[Old Cowzilla]

Unless things change pretty soon this govt. won't be writing checks to anybody or they won't be worth the paper they are written on. All banks talkin about their own digital currency we will be back to medieval times. You money only good within town limits or bring a COW or bag of WHEAT something of real value !

[Austrian Economics]

Well it doesn't take a rocket scientist to figure out Justine blew our wad and has no intention of paying it back, "it'll balance itself". The old switcheroo is coming, he'll take pensions and give UBI. It's the same, but different. He'll take our capital in exchange for future debt. Im quite sure purchasing power will only get stronger..... sarcasm. If pensions get seized, the next step is assets. How much longer are we going to let this go on for? They'll blame a virus, not their regulation.

Once the capital has been destroyed, there will be no means for anyone to pay that "future debt". The Canadian dollar will go to zero value. Asset seizure will come in the form of unrealized capital gains taxes. Since most people have their head in the sand on these issues, I'm not seeing light at the end of this tunnel.

[Austrian Economics]

Bill 273 is a private members bill,not Bbill introduced by government. Private members bills rarely are introduced into law.

True enough. It's still worrisome that this kind of bill gets introduced at all.

[jazz]

Once the capital has been destroyed, there will be no means for anyone to pay that "future debt". The Canadian dollar will go to zero value. Asset seizure will come in the form of unrealized capital gains taxes. Since most people have their head in the sand on these issues, I'm not seeing light at the end of this tunnel.

We should in part be grateful for a Biden win. Now we can see the agenda being played out there first and adjust accordingly.

We need to be on the alert for a trio of developments to determine where this country will ultimately head. First is the SC ruling on the carbon tax. That will ultimately decide how much power our govt has to squeeze the west.

Secondly, the Ab referendum this fall. If Ab doesnt step up and try to put an end to this nonsense it will never end and we will be marginalized in our own country forever. That may have already happened. Eventually immigration will cause Toronto to have its ridings redrawn and 10 more seats will go in there.

And lastly a Trudeau majority. He will need that to ram the changes he wants through.

After all that, I say all bets are off in this country and it would be time to a hard protect on assets by booking those CGs into the corporation.

[checking]

Some peoples tolerance of taxation begin with the first 5 cents.

I don't mind paying the prescribed percent, as long as I'm still making my cut.

I trust government to know when their limit is too much, as that will show up in the underground economy numbers.

They know the underground economy is out of hand when too many have cowzilla's number on speed dial for barter purposes!

[chuckChuck]

"An analysis by the Parliamentary Budget Officer found that a federal basic income, modelled after the parameters of Ontario’s scrapped pilot, would cost $76 billion in its first year, then level off to $44 billion annually thereafter."

So we still need social programs for those who lose their jobs and for those who are low skill, disabled, sick and unemployable. Oil workers in Alberta have been relying on CERB and then EI to get by. Low income seniors and single parents also need support. So rather than having a patchwork of programs to make sure many people don't perpetually live in poverty what are the most efficient and effective options?