The Case Against A Universal Basic Income

There are a number of different ideas on how to implement a basic income. The most popular these days is to have a substantial basic income in addition to the modern welfare state. Let’s say about $2,000 a month for guesstimating 10 million low-income Canadians. This is a pretty conservative estimate. It’s called a universal basic income because everyone gets it, but presumably, the additional taxes levied would be so high that a substantial portion of the population would pay more in new taxes than they receive from the stipend. And this is assuming that children under eighteen are exempt. So that would be 20…