Skip to main content

“I am a Canadian, free to speak without fear, free to worship in my own way, free to stand for what I think right, free to oppose what I believe wrong, or free to choose those who shall govern my country. This heritage of freedom I pledge to uphold for myself and all mankind.” ~~ John G. Diefenbaker

FELDSTED -- The idea of a guaranteed minimum income has never been so viable. Correctly implemented, it could solve many of our economic and social problems


Guaranteed basic income tops policy priorities for Liberal caucus at upcoming convention. Caucus is calling on government to adopt idea for consideration in November

Joan Bryden -- The Canadian Press / CBC News -- Sep 12, 2020

A guaranteed basic income for all Canadians has emerged as the top policy choice of Liberal MPs, just as the Trudeau government is crafting its plan to help people weather the ongoing COVID-19 pandemic and rebuild the ravaged economy ...

- - - - - - - - - - - - -

The concept of a guaranteed minimum income is hardly new. It is an NDP dream, which is why the liberal caucus is so in favour. It almost guarantees passage of the Throne Speech.

Combine this with the recent announcement of a revamp of the EI program to extend COVID wage loss benefits, and Liberal tactics become even more evident.

Buy votes with government borrowing.

The idea of a guaranteed minimum income has never been so viable. Correctly implemented, it could solve many of our economic and social problems.

I have not gone socialist. Please hear me out.

We have dozens and dozens of federal and provincial programs created to help out the less fortunate. They are not coordinated or rational. Some help while others do not. What they all share is high administration costs.

Since the program would erase opportunities for governments to announce plans to give us a tiny fraction of the money, they confiscate from us as a gregarious benefit, I doubt that the Liberal caucus has thought this through

A guaranteed income would erase the need for many of these piecemeal programs.

With a guaranteed income in place, the need for EI disappears. People who suddenly find themselves unemployed have a fallback, which will guarantee the basics. The list of programs that become redundant and unnecessary is long.

The guaranteed income opponents will be the public sector unions. They will lose thousands of jobs with programs no longer delivered. The welfare industry would shrink to a fraction of what it is today. Most social work positions would disappear.

Governments would have to increase personal income tax exceptions to match the guaranteed income, which would benefit everyone. Let's imagine that the income level is $25,000 or $2,083 per month. That is barely adequate for a single person but sufficient for a pair.

The next income strata, from $25,001 to $50,000 would have a 15% flat tax applied to 50% of earnings. From $50,001 to $75,000 a 15% tax would apply to 75% of earnings.

A universal minimum wage of $12 per hour would apply. Onerous EI premiums would disappear, relieving employers of a sizeable employer tax burden. CPP premiums would continue, but the employer share would decrease over a decade to nil. People would have the option of monthly contributions to a non-taxable retirement savings plan of their choosing.

The need for daycare spaces would sharply diminish. The minimum income is more than the net income of many working spouses. That opens the door to families deciding on a stay-home parent or a parent with part-time work to accommodate children without the costs of daycare.

As with other plans, a minimum income scheme is only viable if it frees people from tax slavery. Since the program would erase opportunities for governments to announce plans to give us a tiny fraction of the money, they confiscate from us as a gregarious benefit, I doubt that the Liberal caucus has thought this through and is serious.

We don't need more smoke and mirrors to distract us from the failings of our governments.

The liberal minimum income strategy appears to be "sunny days, sunny ways" version 2.0.

We have not begun to face the debts and interest load of version 1 and do not need more of the same. Grand assurances of great things to come are an inadequate remedy for the pain most Canadians are facing.

John Feldsted ... is a political commentator, consultant, and strategist. He makes his home in Winnipeg, Manitoba.


Popular posts from this blog

The stats clearly demonstrate the need for professional and impartial advice at the time of purchase, renewal, and refinancing of mortgages

REPRINTED WITH PERMISSION : Canadian Mortgage Trends   Canadians need guidance with their mortgages ... t hat’s the takeaway from a national survey released this week by, which found half of Canadians aren’t aware of the mortgage options available to them. Not only that, but Canadians are lacking in some other basic mortgage trivia, with an astounding 9 out of 10 respondents not knowing that mortgage interest is charged semi-annually: 28% think interest is compounded monthly; 17% think it’s bi-weekly; 17% think it’s annually; 28% just have no idea. Should we be concerned? Dustan Woodhouse, President of Mortgage Architects, and a former active broker who has written multiple educational mortgage books, thinks so. “ Sounds about right. We know about what we pay attention to, i.e., The Kardashians ,” he wrote to CMT. “ The material concern in this is how easy it makes it for the government to over-regulate the industry, with c

THE SIDEWINDER -- Just quit your constant damned whining and do something positive about it

  Living in a democracy is a wonderful thing, but it comes with responsibilities such as voting and being involved. When the dust settled on Saturdays (October 24 th ) BC election, less than two thirds of the eligible voters * took the time to vote - but the loudest bitchers will probably be among the more than one third of voters who sat on their asses and complained about how all politicians are crooks, etc. How many of you constant whiners have ever done anything close to becoming involved; or do you just like sniveling to hear your own voice? Are you one the arseholes who likes to take advantage of everything our democracy has to offer, without ever contributing anything? And I don't want to listen to your crap about paying taxes, blah, blah, blah. There's more to making democracy work than simply voting and then sitting back and let others carry the ball for you. Too many people seem unwilling to get involved - and follow-up - to make sure elected po

AARON GUNN -- He is, at his core, an ideologue, meaning the facts of any particular issue don’t actually matter

Ben Isitt - City Councillor and Regional Director Victoria City Council and its resident-genius Ben Isitt is back with another dumb idea. Introducing a motion to ban the horse-drawn carriages that have coloured Victoria’s downtown streets for decades, calling them “an outdated mode of transportation”. Are you serious?   No one is actually commuting by horse and carriage. They are here for tourists and residents alike to interact with world-class animals and discover the magic and history of our provincial capital. It’s part of what gives Victoria its charm. And the truth is these horses are treated better than anywhere else in the world. They probably live better lives than many British Columbians.   And talk to anyone who works with these horses and they’ll all tell you the exact same thing: this is what the horses love to do. This is what they were bred for and trained for. This is what gives their lives purpose and meaning. But maybe we shouldn’t be su


Show more