Learn about basic income

Its about bloody time! But to test it out for 4/5 years is too long because an entire generation of children will have grown up under the punitive policies of provincial and federal Canadian governments! And exactly what amount would Canadians consider adequate as a Basic Income Supplement? The article uses $18,000 (or $8.65/hour based on 40 hours per week) in their example which for my 2 member family would be the 1994 LICO Before Tax Rate; we currently live $5,391 below the 1992 or at the 1986 LICO Before Tax Rate. Its obvious to me the provincial government is penalizing children and families for falling on hard times based on the LICO rates. Click here to read the full article.

Children who work so they can afford to participate in school or extracurricular activities like other students or their friends are penalized by our provincial government.  Children’s earnings are deducted from their parent’s Social Services cheques because the BC provincial government feels they are responsible to help pay for household expenses. Ontario children don’t have to report their income if their parents are on Social Services.  Recreation, school district, and BC Student Aid LICO Before Tax Rates range from 2010 to 2013 years.

I am a single parent and get $1,000/month on social assistance for 2 children. My rent of $800 is paid by the ministry to my homeless housing advocate. I still have to pay our utilities, phone, transportation and my dental. The ministry gives me $570 for my rent which the ministry should know is far short of our needs. My children stopped asking me if they can participate in school activities and extra-curricular programs because they know I cannot afford them. A program like this would help this crime against our children. My son and I live $5,391 below the 1992 LICO Before Tax Rate and we are struggling to survive. Refer to the Low income cut-offs (1992 base) before tax rates  for 1986 and from 1992 to 2013 or here to learn more.

LICO 1986 Rates

 

LICO Before Taxa

 

 

What is a basic income supplement?

A basic income supplement (BIS) is a direct way of dramatically reducing or eliminating poverty in Canada by ensuring that all Canadians have access to the financial resources they need to secure safe housing, food, and a reasonable standard of living. It would be administered through the federal income tax system.

The idea is often referred to as a guaranteed annual income (GAI), a guaranteed minimum income, a negative income tax or simply as a basic income. As many of these ideas are linked to specific implementations of a general idea, we’ve elected for the more neutral basic income supplement (BIS). You can read about the two most common models (negative income tax or universal demogrant) in Chandra Pasma and Jim Mulvale’s overview.

Here is an example, where the initial transfer is $18,000 and the tax back rate is 50%. Click here for the data table.

Why should we have a basic income supplement?

Canada already recognizes the need to provide financial assistance to low-income Canadians, persons with disabilities, older Canadians, and a number of other groups with particular financial needs. The “social safety net” is a source of great pride to many Canadians, and has made our economy stronger and more resilient. Canadians recognize how important it is to ensure that our society provides help to those who need it.

But we can do better for the one in 11 Canadians who remain below the Low Income Cut Off (LICO).

 

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