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The Liberal premier of Ontario announced details of the Ontario Basic Income Pilot. The provincial government issued a press release saying
Three regions will take part in the study. Pilots will start in late spring in Hamilton, including Brantford and Brant County; and in Thunder Bay and the surrounding area. The third pilot will start by this fall [autumn] in Lindsay.
The Basic Income model Ontario has developed will ensure that eligible participants receive:
Up to $16,989 per year for a single person, less 50 per cent of any earned income
Up to $24,027 per year for a couple, less 50 per cent of any earned income
Up to an additional $6,000 per year for a person with a disability.
[...] The three test regions will host 4,000 participants eligible to receive a basic income payment, between the ages of 18 to 64. By late spring, people in these areas will begin receiving information about the pilot and how to participate. The province is partnering with these communities and other experts to make sure that the Ontario Basic Income Pilot is fair, effective, and scientifically valid.
additional coverage:
- Canoe (editorial)
- The Globe and Mail
- globalnews.ca
- The Guardian
- Business Insider
- BBC News
- Canadian Press via City News
- Reuters via NASDAQ
- Toronto Star
- CHCH-TV
- CBC
- CNN Money
related story:
Ontario is Starting a Universal Basic Income Pilot
(Score: 2) by jmorris on Wednesday April 26 2017, @02:59AM (1 child)
Don't worry, you would be paying 50%+ on the rest too, where do you think the money is coming from to redistribute? These rules are only for a pilot program anyway.
I ran the numbers for here in the U.S. and I get it requiring about 22 1/2% of GDP to fund that 16, 989 per adult in the U.S. Or about half of all government (local, state and federal combined) intake. The current welfare state is indeed large, but we also spend a good chunk of that on poorly maintained roads, killing brown people with expensive smart bombs, poorly educating our children, etc. More importantly a large part of the income redistribution portion of the public fisc is related to medical care which isn't included in this basic income crap so it wouldn't be getting replaced by switching to UBI.
(Score: 0) by Anonymous Coward on Wednesday April 26 2017, @02:40PM
The tax brackets scale, so a much larger portion would be paid by the highest earners. At say 150k / year you are likely getting no benefit from UBI. At $1mil you are paying back at least $300-500k in taxes. Such tax ratios sure worked well back in the day. You "ran the numbers" lawl