"System change is now inevitable. Either because we do something about it, or because we will be hit by climate change. '...

"We need to develop economic models that are fit for purpose. The current economic frameworks, the ones that dominate our governments, these frameworks... the current economic frameworks, the neoclassical, the market frameworks, can deal with small changes. It can tell you the difference, if a sock company puts up the price of socks, what the demand for socks will be. It cannot tell you about the sorts of system level changes we are talking about here. We would not use an understanding of laminar flow in fluid dynamics to understand turbulent flow. So why is it we are using marginal economics, small incremental change economics, to understand system level changes?"

Tuesday, February 23, 2016

Canada Green Party Revives Social Credit Movement in Canada

Huffington (Canada) reports
The Canadian Medical Association endorsed basic income this past summer and nearly 200 physicians signed a letter to Ontario's health minister calling for a pilot project because "income is the great divide when it comes to Canadians' health."

One of Canada's loudest proponents of basic income has been former Tory senator Hugh Segal. In a HuffPost blog in 2013, he wrote that we can't let "the ideological conceit that a rising tide lifts all boats obscure the hard reality that many Canadians have no boat or access to anyone who has ever had a boat."

The Liberal membership, meanwhile, passed a priority resolution last year calling for the party to "design and implement a Basic Annual Income." However, there is no mention of it in the Liberal's just-released election platform.

The federal NDP have been mum on the subject throughout the campaign, preferring instead to discuss a $15 minimum wage for federal workers — though there have been murmurs that Alberta's NDP government might give it a trial run with support from the mayors of Calgary and Edmonton.
The Green Party, however, has made basic income one of the most important planks of their platform, tying it to their anti-poverty efforts and their elder care strategy. Dubbing their version the "Guaranteed Livable Income" (GLI), the Greens would use "a single, universal, unconditional cash benefit delivered through the tax system" to replace the current complex system of federal and provincial support.

The Greens would then give every Canadian a regular GLI payment and set a minimum income level just above the poverty line. After that point, the GLI would be gradually taxed back until it was eliminated at a ceiling of, say, $60,000.
Green Party Leader Elizabeth May:
It's just that as people make more, they get into the range of being tax-paying citizens. It's a good thing to give it to everyone because we eliminate income splitting that Stephen Harper brought in and generally only benefits families that are better off. This is a program that ensures that everyone can live with dignity.
It is very efficient because it costs a lot of money to check up on single mothers to see if she moved in with her boyfriend. It makes much more sense to give everybody a cheque so that you have no economic poverty anymore. People who receive that money are spending that money, they are happy to go out and make more money.

1 comment:

Tom said...

It was recently discovered, much to the surprise of the great and the good, that one effective solution to homelessness was to give those affected a place to live. Much consternation followed.

Now the virus has spread. The solution to poverty might involve... giving poor people money?

Where will it all end?