UBI Works 🇨🇦
@ubi_works
Canada's Largest Basic Income Community 🍁 Join 150K+ advocates across every riding & party Our sister org @CommonWealth_ca — Housing & Citizen's Dividends
Basic income has already worked for decades. Guaranteed basic income lowers poverty, like child/senior benefits. UBI shares common resources, like Alaska's oil dividend. Critics usually ignore this and debate their own strawman instead. 🧵
This is Senator Kim Pate Canada's champion for Basic Income in Parliament She just gave one of the most iconic speeches ever - it's cheaper than poverty - encourages work and entrepreneurs - cuts crime and helps victims of abuse We break it down🧵
MD State Delegate Gabriel Acevero already has a long history of advocating for guaranteed income policies in Maryland’s House of Delegates. We’re proud to have him as a founding member of Legislators for a Guaranteed Income!
Adam Smith championed a tax on land rather than work.
Here's a BIG thing you should do: Basic Income Guarantee
We’re getting big things done for Canadians.
As job quality continues to fall, more of the gains go to asset holders. The sane response is a ‘property-owning democracy’ in which every citizen would own income-producing property. A good way to do that is national sovereign wealth funds that hold assets and pay dividends.
When a Nobel-winning AI leader calls for UBI, he's asking us to rethink who gets rewarded. Shouldn't the public be included? Our data trained the AI. Our taxes paid for the research. UBI is our AI Dividend.
This is a pretty important point The natural path of our economy with AI is to continue this trend. To actually address it, we need guaranteed income as a floor for workers, and social wealth funds / UBI dividends to give everyone a stake in the economy
It's very simple The bottom tends to make money working, the top from owning things AI will only widen the gap, it's the natural trajectory of our economy It's why universal basic income and universal basic capital are getting serious interest
It wouldn't come close to actually fixing the biggest problem: housing x.com/floydmarinescu…
Practically none of Canada's housing pundits and politicians are acknowledging the elephant in the room: land. We can tax away every billionaire's net worth and it wouldn't come close to the impact of a land value tax to fix housing and lower taxes on jobs and homes.
There's a HUGE blindspot in the inequality debate The #1 source of wealth is owning homes. The #1 source of poverty is high housing costs. Why do we keep taxing Canadian workers so much more than real estate gains?
It's very simple The bottom tends to make money working, the top from owning things AI will only widen the gap, it's the natural trajectory of our economy It's why universal basic income and universal basic capital are getting serious interest
You probably don't understand basic income enough to talk about it. Milton Friedman advocated for a version of it called negative income tax. Sit down. x.com/ubi_works/stat…
Basic Income is not a new idea. Milton Friedman, Nobel prize-winning economist, supported it in 1962. It would simplify our welfare programs and give our people the freedom to use the money as they choose.