Rumor, radio sound bites, suggest that an overhaul of the social safety net is in the works when parliament reconvenes September 23nd. Universal basic income to the tune of the deductible in your income tax form. That should really get you crying for your government cheque when you have to pay tax on everything that you make on the job. For the fiscally concerned, I'd suggest that you keep in mind that the Bank of Canada prints and creates money out of thin air (money doesn't grow on trees) and lends the money to the Canadian government that owns the Bank of Canada. No problem getting money to fund Universal basic income. What is a problem is keeping value in the Canadian dollar. What are you going to sell when foreign buyers come back with your Canadian dollars looking for something in exchange for all the products that you bought and that the governments in Canada bought overseas for you in your name? If you don't have anything worth while to give back in return, the foreign manufacturers aren't likely to allow you much for your money. For the environmentalist and everyone else, what do you have to sacrifice to give your money value?
Something in the Wind
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"For the environmentalist and everyone else, what do you have to sacrifice to give your money value?"
"CHINA"....one tiny nuk should do it.... But I want to thank them for the chittiest year of our lifes and more to come.....
"CHINA"....one tiny nuk should do it.... But I want to thank them for the chittiest year of our lifes and more to come.....
A thought from a financial blog as to where Universal Basic Income would take us:
The Digital dollar will expire, if not spent till a certain date. It will only buy certain goods and services (according to your social credit)
In short - welcome to the good times.
The Digital dollar will expire, if not spent till a certain date. It will only buy certain goods and services (according to your social credit)
In short - welcome to the good times.
no need, history
Greece, we're well on our way
The Sock Model has borrowed 100% more than we spent last yr
he's planning on adding another 35 B
plus with his useful idiot with the NDP he'll keep doing it indefinitely till we punt him
wait till next yr, he'll borrow another 100 B at least, the economy won't support his level of welfare
he's almost doubled the debt in just 5 years
and now he's put a useful idiot in charge of finance
she has no experience on the subject
no one needs the Rebel to come to that conclusion
they just need to be awake with an IQ above their shoe size
and not a Trudeau Liberal Sycophant
in otherwords, a employee of CBC lol
it's never worked anywhere ever
our economy was tanking before this, even with the US booming
get ready to be a whole lot poorer, cause that's where we're heading with this waste of skin
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Image your doctor telling you not to have any more salt in your diet. You go to the Walmart self-checkout. One of the little nannies walks over and takes the package of salted peanuts away from you when your purchase won't register.
Canada is rich in raw resources, we middle class and poor canadians just are bad deal makers. The rich are taking every thing worth of value when the leave Canadian waters.....
And all we will have left is Aboringinal land claims; and we be too poor to move......
And all we will have left is Aboringinal land claims; and we be too poor to move......
Canadians have been worse than just had deal makers of Canadian resources. Most Canadians have lost the life skills necessary to make the products that produce the current Canadian lifestyle and are left to the whim of offshore producers where Canadians don't vote. For careers Canadians have been reduced to opening boxes and putting the contents on store shelves.
Saw it again in a news flash. This time the readout monitor on a Skytrain platform:
Universal basic income preoccupies Liberal agenda amid Covid-19.
Universal basic income preoccupies Liberal agenda amid Covid-19.
I'm all for a government giving an extra hand, but not when it becomes a lifestyle to pay people to sit at home and collect welfare when they can work. Chances are the people will also have cash/illegal jobs to supplement the government one.
The final straw is who pays for the welfare. If you want a classless society, that is the wrong way to do it. Creating division among people due to where their money comes from!!!
The final straw is who pays for the welfare. If you want a classless society, that is the wrong way to do it. Creating division among people due to where their money comes from!!!
I'm in favor of Universal Basic Income. It would eliminate extreme poverty in society. People having money to spend would stimulate the economy. It's already been tried, successfully, in Dauphin Manitoba.
Here's how to pay for it.
https://www.ubiworks.ca/howtopay
Here's how to pay for it.
https://www.ubiworks.ca/howtopay
This off financial web this morning:
Absent a massive burst of inflation in the coming years which inflates away the hundreds of trillions in federal debt, the unprecedented debt tsunami that is coming would mean the end to the American way of life as we know it. And to do that, the Fed [U.S. Federal Reserve Bank] is now finalizing the last steps of a process that revolutionizes the entire fiat monetary system, launching digital dollars which effectively remove commercial banks as financial intermediaries, as they will allow the Fed itself to make direct deposits into Americans' "digital wallets", in the process also making Congress and the entire Legislative branch redundant, as a handful of technocrats quietly take over the United States.
Absent a massive burst of inflation in the coming years which inflates away the hundreds of trillions in federal debt, the unprecedented debt tsunami that is coming would mean the end to the American way of life as we know it. And to do that, the Fed [U.S. Federal Reserve Bank] is now finalizing the last steps of a process that revolutionizes the entire fiat monetary system, launching digital dollars which effectively remove commercial banks as financial intermediaries, as they will allow the Fed itself to make direct deposits into Americans' "digital wallets", in the process also making Congress and the entire Legislative branch redundant, as a handful of technocrats quietly take over the United States.
I just had a thought after reading this. Im all in favour of eliminating poverty. However, I wonder what would happen if, say all the addicts on the DTES received universal income? Would they blow it all, and then go for extra handouts? Wouldn't it perpetuate more addiction for that portion of society?
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Andrew69913
All I can say is if this happens, get yours while you can, convert it to Yen, and hide it away somewhere.
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Andrew69913
