Altair
Well-known member
Yeah, you can't give a lot of money to a lot of people, without also taking a lot of money from a lot of people.
Basically, if we're going to switch to a basic income plan, we need to have marginal taxes probably at the 80% mark for corporations and individuals making a lot of money. But the flaw with that is that we really can't have Canada impose an 80% marginal tax rate on businesses, since then every head office will obviously up and move to a new jurisdiction. Plus you need to bring in a lot more protections so that landlords don't jack up rents to try to steal all of that free money. I do think we'll need to get there at some point, but I really don't know what path it takes to get there, barring going through another great depression with 25%+ unemployment rates.
There needs to be a plan to keep people working. Simple. Despite automation, humans need to be employed and working. It does nobody any good having people at home not doing anything while receiving a liveable wage.