Ontario Premier Kathleen Wynne announced a pilot program to study UBI's effectiveness by providing 4,000 randomly picked low-incomes households with about $17,000 a year, "whether they are working or not." The 3-year program, which will cost $150 millions, will be based in based in Hamilton, Lindsay and Thunder Bay, areas affected by economic downturn. With the next 30 years being labelled as painful, the results of this study may help tackle some of the issues of our generation.
People are especially concerned for those who don't start out wealthy, she said.
"Many people are concerned about what the world is promising for their kids," she said. "It's a world of global competition, reduced benefits, more and more part-time employment."
The premier said the three-year project will start with people making "just under $17,000 a year, but even that amount may make a real difference to someone who is striving to reach for a better life.
The Globe and Mail explains how it all works:
It's not just people receiving social assistance who will be eligible for the basic income. The government is also targeting those who are underemployed, earning minimum wage and/or living in poverty.
However, if an individual is receiving income from a job, the government will deduct half of his or her earned income.
For example, if a single person earned $10,000 from a job, the government would provide $11,989 in basic income – the maximum $16,989 minus $5,000 from his or her wages. That recipient would then have a total income of $21,989 for the year.
|"In the place of guns and masks, this cybercrime organization used laptops and the Internet." Robbing Banks in the 21st Century|
|Where All the American Flags Being Burnt in Pakistan Come From|
|CEOs of Apple, Google and Other Tech Giants Conspired to Reduce Wages of Tech Engineers|
|Time To Say Goodbye to Paper Money|
|Royal Baby Worth $372.6 Million|
|“I don't know if this is going to be the smartest or the stupidest thing I'm ever gonna do.”|
|“My son died here.”|
|The (Very Scary) People of Public Transit|
|Fake Name Generator|
|“Canada is warming at twice the global average.”|
|How to Avoid Jury Duty|
|“Airbus says his company already has the technology to fly passenger planes without pilots at all.”|
|CaptchaTweet: Write Tweets in Captcha Form|
|Recycled Vacuum Lamps|
|If Sir David Attenborough Restored Vintage Toys|
|“Cheap fakes' are the new fake news.” #DeepFakes|
|Pat the Zombie: A Cruel Adult Spoof of 'Pat the Bunny'|