Author Topic: Basic income program for Canada  (Read 1622 times)

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Offline Dia

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Re: Basic income program for Canada
« Reply #90 on: September 14, 2020, 09:59:40 am »
Increasing taxes on the rich and redistributing it to the lowest income earners is a leftwing program.

Eliminating red tape and shrinking bureaucracy by amalgamating different benefits into a single benefit sounds like a rightwing program.  Or maybe the former part of that sentence is right and the latter is moderate.

Perhaps it could be some combination of the two approaches.  Reducing government bureaucracy often means reducing staff, and while I support elimination of piecemeal programs in favor of a single, well-run program, this would have an effect on employment at both Federal and Provincial levels, and a fight with unions as well as conservatives.  For that reason, I think whatever is coming is unlikely to be a true solution, but yet another ill-conceived plan that throws money at a problem rather than actually solve it.

This is not a swipe at Trudeau or leftists.  Few governments of any ideology seem able to implement effective poverty reduction plans, as they're always torn between doing less to please some folks and doing more to please other folks.

Offline Michael Hardner

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Re: Basic income program for Canada
« Reply #91 on: September 14, 2020, 10:14:01 am »
Perhaps it could be some combination of the two approaches.  Reducing government bureaucracy often means reducing staff, and while I support elimination of piecemeal programs in favor of a single, well-run program, this would have an effect on employment at both Federal and Provincial levels, and a fight with unions as well as conservatives.  For that reason, I think whatever is coming is unlikely to be a true solution, but yet another ill-conceived plan that throws money at a problem rather than actually solve it.

IMO large program cuts were part of the original plan and I don't see the Liberals doing this.

Offline Michael Hardner

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Re: Basic income program for Canada
« Reply #92 on: September 14, 2020, 10:17:03 am »
Waldo - did you post on this thread then delete it ?  Or did I dream that ?  ???

Offline Squidward von Squidderson

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Re: Basic income program for Canada
« Reply #93 on: September 14, 2020, 11:49:45 am »
IMO large program cuts were part of the original plan and I don't see the Liberals doing this.

Then it will be a fiscal disaster. 

Offline Michael Hardner

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Re: Basic income program for Canada
« Reply #94 on: September 14, 2020, 11:54:41 am »
Then it will be a fiscal disaster.

That is the conventional thinking.  If you follow MMT though, mass spending is the new way. :)

Offline kimmy

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Re: Basic income program for Canada
« Reply #95 on: September 14, 2020, 12:45:22 pm »
Then it will be a fiscal disaster.

Word on the street is that we can spend as much as we want without worry, because of interest rates.  :-\

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Paris - London - New York - Kim City

Offline Michael Hardner

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Re: Basic income program for Canada
« Reply #96 on: September 14, 2020, 12:51:17 pm »
Word on the street is that we can spend as much as we want without worry, because of interest rates.  :-\

 -k

Even beyond that.  I believe MMT says just print the money, then destroy the digital capital if inflation is a problem.

 ???

Offline wilber

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Re: Basic income program for Canada
« Reply #97 on: September 14, 2020, 12:52:08 pm »
Word on the street is that we can spend as much as we want without worry, because of interest rates.  :-\

 -k

Just keep printing money and loaning to government at artificial interest rates. It's all good.
"Never trust a man without a single redeeming vice" WSC

Offline wilber

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Re: Basic income program for Canada
« Reply #98 on: September 14, 2020, 12:53:42 pm »
Even beyond that.  I believe MMT says just print the money, then destroy the digital capital if inflation is a problem.

 ???

Meanwhile that money is out in the economy so you are destroying everyone's capital.
"Never trust a man without a single redeeming vice" WSC

Offline Michael Hardner

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Re: Basic income program for Canada
« Reply #99 on: September 14, 2020, 01:10:18 pm »
Meanwhile that money is out in the economy so you are destroying everyone's capital.

You can't destroy the money that is out there, but you have to turn off the tap.

I'm no economist - so I can't speak to the details well enough.  I'll find something for the economics thread.

And in case somebody wants to bite my head off I am not promoting this model, or denouncing it either...

Offline waldo

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Re: Basic income program for Canada
« Reply #100 on: September 14, 2020, 01:14:43 pm »
Waldo - did you post on this thread then delete it ?  Or did I dream that ?  ???

no way - my posts in this thread are at the beginning of the thread (pages 1 & 2 only)... seems I got a tad bored with it!
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Offline wilber

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Re: Basic income program for Canada
« Reply #101 on: September 14, 2020, 01:38:58 pm »
You can't destroy the money that is out there, but you have to turn off the tap.



You can destroy its buying power.
"Never trust a man without a single redeeming vice" WSC

Offline Michael Hardner

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Re: Basic income program for Canada
« Reply #102 on: September 14, 2020, 02:01:06 pm »
You can destroy its buying power.

That's inflation - which we have covered.

Offline wilber

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Re: Basic income program for Canada
« Reply #103 on: September 14, 2020, 02:13:52 pm »
That's inflation - which we have covered.

Have we?
"Never trust a man without a single redeeming vice" WSC
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Offline eyeball

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Re: Basic income program for Canada
« Reply #104 on: September 14, 2020, 02:23:52 pm »
That's inflation - which we have covered.
What about selling power as opposed to buying power - deflation?  We've luckily been able to get away with raising our prices to tourists we host. We needed to because I lost my other job in tourism.  My industry is both up and down locally so its been a bit confusing.