Comment 114175

By CharlesBall (registered) | Posted October 08, 2015 at 16:12:02

A Guaranteed minimum livable income would save the country billions of dollars. There would be no need for CPP, EI, Welfare or ODSP. Insurance for STD and LTD would be cheaper because they would not be liable for the first portion of income people received. It would stop a lot of people having to claim medical disabilities to prove ODSP and CPP entitlement. It would put a lot of Government workers out of work. IF the income applied to all people, separated parents would only be liable to pay for support for the amounts above the minimum and only from the income they earn above the minimum.

This concept was first well articulated by Milton Friedman. See https://www.youtube.com/watch?v=xtpgkX58...

It would take a very brave government to implement this right wing theory into practice and there would be a lot of wailing and nashing of teeth. But in the end I think it would pay off.

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