Only a small fraction of our nation’s wealth, so yes, we can afford it. The more important question is “Will we get value for our money?” Even conservative estimates of the indirect costs of poverty (e.g., in health care, remedial education, crime, social programs, and lost productivity) are far higher than the costs of actually bringing Canadians out of poverty. For the billions we are paying now, the result is....more poverty and social problems. A basic income guarantee can change that. It is an investment where we get something back for our money – a better standard of living and quality of life for all of us, a healthier population, less poverty, and greater trust and security in our society. Plus, it pays for itself. Basic income can be one of the great bargains of Canada’s future!
How much will it cost?