Tag Archives: income

(1196) Unequal Ontario [CCPA report]


Ontario needs to find a better balance when it comes to wages and economic relationships.  A new report finds richer Ontarians doing well while their low income neighbours keep sliding.
Labour market doing ‘no favours’ for low income families
thestar.com
Poor Ontario families getting poorer. New research says bottom half of families in Ontario are earning less, while richer families earn more
cbc.ca/news
Ontario’s middle and working class families are losing ground
Canadian Centre for Policy Alternatives – links to 32-page .pdf file
Minimum wage hike needed as half of Ontarians see wages shrink
huffingtonpost.ca
Ontario minimum wage increase good for workers and business: economist
bnn.ca (video 8:14)

(1195) Basic Income: and How We Can Make It Happen [Book review]

Basic Income: and How We Can Make It Happen
Guy Standing, 2017
Penguin Random House UK
374 pages
$18.99 CAN paperback
Chapter four of this treatise on the social policy mechanism of universal basic income is the sweetest.  There lies the magic of it all.  We know poverty is expensive.  A properly executed basic income would cut the cost of poverty and in so doing liberate a good portion of the fiscal resources needed to pay for itself.  By no means is this the only way to afford a social dividend for all citizens as chapter seven attests.  And afford it we must: this world is changing.
Guy Standing has been an intellectual point man for basic income on a global stage for many years now.  He gives us the rationale and the ‘how to’ in his newest book.  In the age of President 45, Boris Johnson, Rob Ford, Martin Skreli and other ineffective, uncaring and unhinged elite leaders Professor Standing has the contrasting voice of a grown adult.  He has taken on the work of comprehending and advocating something in detail.  At times things are technical, plodding even.  But to do any difficult thing, as an individual academic or as a society, makes the demand for seriousness.  It can also involve reward and rates respect.  So it is with this book.
Other parts of this manual refer to the expected benefits of basic income and clarify it from other approaches to social welfare including historical ones.  Somewhat new to our consideration of basic income was a potential contribution to environmental protection.  More familiar are sections of the book describing the improvement in the quality of economic relationships and personal well being associated with a fully realized and well-executed basic income.
An important chapter is number six.  Entitled The Standard Objections, it is designed to empower supporters of basic income.  Enthusiasm on the part of those already converted is not going to be the determinant of whether or not we get the goodies.  Not in an era of still lethal neoliberalism.  Other voters, taxpayers, citizens, policy makers will have to be won over.  A piece of work.
Chapter twelve displays its merits in this direction.  Professor Standing tells us  that ‘…the primary block to implementation of a basic income system is political, not economic or philosophical.’  Absolutely, this is true.  We also must understand that as never before there is an opportunity, a window, for basic income.  This last chapter is the one we will be reading over again as soon as possible.  This is where we go from lively possibility to reality via public pressure.  Here, anti-basic income emotionalism about worker dropout and a costly, unrealistic or even fully immoral ”something for nothing” pipe dream is addressed.
We do recommend this book.  How could we not, really?
guystanding.com

(1169) Sunny basic

Today was a sunny, pleasant one and good for some clear thinking on basic income.  We like the ‘and stop being oversold’ part as much as the part where it is not all about  money and poverty.
A basic income really could end poverty forever.  But, to become a reality it needs to get detailed and stop being oversold
vox.com
All of the problems that universal basic income could solve that have nothing to do with unemployment
quartz.com

(1144) Tragedy & comedy in the financial trenches


Breaks for earners over $100K per year.
Breakdowns for workers.
Tragedy:
Financial challenges mount for millions of Canadians because of income volatility, study finds
business.financialpost.com
Comedy:
CBC Investigates: number of highest-earning Canadians paying no income tax is growing. CBC analysis reveals about 6,000 earning more than $100,000 got legal break in 2014
cbc.ca/news
image: Images Money via Flickr/CC