UBI, the plan way out of govt debt

[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?

[blackpowder]

Either way you look at it the slide is inevitable.
Started my exit plan last year.

[chuckChuck]

The Trump and Republican plan was tax cuts for the rich and corporations and transfer the tax load to the rest. And at the same time massive fiscal spending and deficits. Almost as much as Trudeaus per capita.

Or Alberta's 8 billion dollar deficit based on relatively low one time volatile resource revenues. But no sales tax! A sales tax would ruin the province and Alberta would start to look like Saskatchewan and Manitoba! LOL

[chuckChuck]

Either way you look at it the slide is inevitable.
Started my exit plan last year.

Old guys near retirement start to lose interest and energy. That is the decline that we can't avoid.

[jazz]

Chuck, Texas has 2/3rds of our population, a larger GDP a less diversified economy and they have no sales tax or state income taxes.

A single US state outdoes an entire G7 country blessed with 100x the resources.

We should hang our head in shame in this country for what was squandered. UBI will kill whatever spirit is left in this country. I sure as hell wont b trying to grow big crops to pay for a percentage of the population who wont leave their house. We already have a lot of those kind here. I wont play that marxist game.

[chuckChuck]

Jazz every government provincially or federally have supported EI and social programs of some sort for a long time. EI helps pay the rent or mortgage and put food on the table. Are oil workers supposed to go cold turkey with no income after being layed off? Some are so depressed they can't get out of bed. Should we just ignore them?

[AlbertaFarmer5]

I could possibly support a UBI under the following conditions.

If the stated purpose is:

1) to shrink government, not grow government.
2)Eliminate every other social program
3)Eliminate most of the civil service who otherwise would be administering those programs
4)Eliminate most labour laws, particularly minium wage
5)Oulaw labour unions, since they would no longer be necessary
6)Total spending would actually go down not up
7)It removes any possibilities of buying elections by promising more free stuff by increasingly taking it away from those who don't vote for them at every election. Governments can get back to governance, instead of redistribution.(Which sounds ironic given the topic, but if this was a one and done deal, then forever more, there would be no more freebie promises, instead of the creeping socialism we have now, where each party tries to out promise the other.
8)We find some way to keep everyone motivated in spite of being paid to be demotivated, and I honestly haven't figured this one out yet.

Since none of these seem to be true according to any analysis or experiments I've seen, I'll pass on this one.

[wade]

Jazz every government provincially or federally have supported EI and social programs of some sort for a long time. EI helps pay the rent or mortgage and put food on the table. Are oil workers supposed to go cold turkey with no income after being layed off? Some are so depressed they can't get out of bed. Should we just ignore them?

No we shouldn't ignore them.
We should build those pipelines!
And yes CC, we should build our green energy projects? too.
Put people to work.

[FarmJunkie]

Maybe phuck nut shud have thot of that before he decided the oil sands were a bad thing.

[blackpowder]

It can be argued that a universal income program makes a degree of sense. Can the govt be trusted to combine all other programs into one cost effectively?
Human nature is such that more people will be on support as time goes on regardless of program design. Should we make it easier?
I would much rather my mentally ill son have to fight at least long enough to get out of bed regardless of pay, than to never have to struggle at all. Life becomes existence without a fight of some kind. Even something as simple as getting ready for the day.
Should we support a govt that wants to spend more money without a clue how it is made?

If I'm old then you better hustle and raise taxes before i spend it all on hookers and blow.