On a per capita basis, the annual cost would range between $9,421 and $10,169 for the period 2018-2023.

Summary from the PBO:

The total annual estimated gross cost of the defined GBI would range between $76.0 billion and $79.5 billion for the period 2018-2023. The guaranteed income for disability would range between $3.2 billion and $3.5 billion.

PBO forecasts that more than 7.5 million people would benefit from the basic cost of GBI. Thus, on a per capita basis, the annual cost would range between $9,421 and $10,169 for the period 2018-2023.

The actual federal support for low-income Canadians and vulnerable groups defined by our benchmark model is about $32.9 billion. If this amount were deducted from the total estimated GBI cost of $76.0 billion in 2018-2019, the net cost of a federally implemented GBI would be $43.1 billion. However, the GBI could take the form of a combined federal-provincial basic income system managed by an intergovernmental fiscal arrangement. This would replace some provincial transfers for low-income individuals and families, including many non-refundable and refundable tax credits, thereby reducing its net cost.

Costing a national guaranteed basic income using the Ontario basic income model

Summary from the PBO:

The total annual estimated gross cost of the defined GBI would range between $76.0 billion and $79.5 billion for the period 2018-2023. The guaranteed income for disability would range between $3.2 billion and $3.5 billion.

PBO forecasts that more than 7.5 million people would benefit from the basic cost of GBI. Thus, on a per capita basis, the annual cost would range between $9,421 and $10,169 for the period 2018-2023.

The actual federal support for low-income Canadians and vulnerable groups defined by our benchmark model is about $32.9 billion. If this amount were deducted from the total estimated GBI cost of $76.0 billion in 2018-2019, the net cost of a federally implemented GBI would be $43.1 billion. However, the GBI could take the form of a combined federal-provincial basic income system managed by an intergovernmental fiscal arrangement. This would replace some provincial transfers for low-income individuals and families, including many non-refundable and refundable tax credits, thereby reducing its net cost.

On a per capita basis, the annual cost would range between $9,421 and $10,169 for the period 2018-2023.

2018-08-10
www.pbo-dpb.gc.ca 2018-04-18 18:54:06

Summary from the PBO:

The total annual estimated gross cost of the defined GBI would range between $76.0 billion and $79.5 billion for the period 2018-2023. The guaranteed income for disability would range between $3.2 billion and $3.5 billion.

PBO forecasts that more than 7.5 million people would benefit from the basic cost of GBI. Thus, on a per capita basis, the annual cost would range between $9,421 and $10,169 for the period 2018-2023.

The actual federal support for low-income Canadians and vulnerable groups defined by our benchmark model is about $32.9 billion. If this amount were deducted from the total estimated GBI cost of $76.0 billion in 2018-2019, the net cost of a federally implemented GBI would be $43.1 billion. However, the GBI could take the form of a combined federal-provincial basic income system managed by an intergovernmental fiscal arrangement. This would replace some provincial transfers for low-income individuals and families, including many non-refundable and refundable tax credits, thereby reducing its net cost.

Inequality Governance Income and Wealth Development Costing a national guaranteed basic income using the Ontario basic income model 2018-04-18 18:54:06
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Thomas Piketty describes his extensive research about one of the major causes of inequality.

Capital and wealth in the 21st century

Thomas Piketty describes his extensive research about one of the major causes of inequality.

2018-04-11
www.ted.com 2018-04-12 00:46:54
Inequality Income and Wealth Capital and wealth in the 21st century 2018-04-12 00:46:54
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