Many of the financial measures being rolled out by governments to help people weather the COVID-19 storm would be unnecessary if Canada had a basic income policy, say basic income advocates.
“At this point, it would be so good if we could have it in the country,” said Sr. Pauline Lally of the Sisters of Providence in Kingston, Ont. “We really need this basic income. I really, really believe that…. It would be one way to end poverty in Canada.”
Lally is a supporter of the Ontario Basic Income Network and a member of Living Wage Kingston. She points to retired Senator Hugh Segal’s recent book, Bootstraps Need Boots: One Tory’s Lonely Fight to End Poverty in Canada, as a guide to how basic income would transform the country.
In a crisis like COVID-19, a basic income could put the brakes on economic death spirals when hundreds of thousands of people suddenly lose their jobs, said Ontario Basic Income Network external relations co-ordinator Barb Boraks.
“If people are financially resilient, then our economy and our society will be resilient,” Boraks said in an e-mail. “This is now evident to everyone. It’s about trickle-up economics, not trickle-down.
To read more, click here.