this post was submitted on 29 May 2025
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Can we afford it right now is the question. I'm not against it by any means, though.
Yes. These programs literally produce more money than they consume. The effects of poverty are more expensive than fighting poverty.
Is there research you can provide to back that up?
Again, I'm all for it. But being devil's advocate here, I just want some evidence.
Simulations of Canadian UBI programs could lead to a 5-year cumulative increase of $46 billion in government revenue and $178 billion in GDP without initial debt funding, or as much as $109 billion in government revenue and $419 billion in GDP if the program is initially 50% funded by government debt (this debt funding would be reduced over time)
https://www.cancea.ca/index.php/2021/02/05/potential-economic-impacts-and-reach-of-basic-income-programs/
https://www.bbc.com/worklife/article/20200624-canadas-forgotten-universal-basic-income-experiment
That's a bad take, there will always be people who will say we can never afford it. The real question should be 'can we afford not to' as people live and die in miserable conditions.
Well jeez. I wasn't saying I'm against it. I'd love to see it happen.
I don't know of any success stories of it working at scale. I mean, countries using it at scale. Not cities or provinces. I was a part of the short lived pilot program in Ontario before it was axed. Axing it completely fucked me over. It worked. It worked great. I was about to invest in starting a business.
But you know exactly what the opposition will say, right? "How can we afford it?". Even Trudeau said he saw no path to it. So really, I was just echoing what was already said, sure - but if it keeps getting cancelled then the public will have a sour taste.
Yes, because ultimately it is nothing more than a redistribution of wealth from the wealthy back to the poor and working class, and it's the people on the bottom of the income ladder that actually drive the economy -- especially the local economies -- instead of just hoarding wealth.
🤡 gotta save all our taxes to subsidize oil and gas!