By Roderick Benns
Publisher of Leaders and Legacies, a social purpose news site
In this series, we examine the value of a basic income guarantee to various sectors of society. In today’s column, we look at three reasons why it’s a great policy idea for business owners.
A basic income should be Canada’s next great social program. If you are a business owner, there are many reasons to support a basic income guarantee. We’ll talk about just three of them below.
But first, what is a basic income guarantee?
A basic income would ensure that no Canadian would ever drop below the poverty line. Let’s say it was set at $20,000 per year. If someone earned $14,000 in one year, then at tax time an additional $6,000 would be given to that person, spread out over 12 months using the existing income tax system.Read more