Is Canada in trouble with a proposed UBI (Universal Basic Income)? If you value work for pay instead of a government handout….you may now be a minority in Canada. This is how things seem today as federal liberals gather online to debate a “Universal Basic Income”.
When I left my home to go to work today, I took a look at the full parking lot at my residence and speculated what percentage of my complex is receiving some form of social assistance. Given the demographic of my neighbors –they are not the kind of folk to fire up computers and logon to Zoom. They are more of the marginalized class of Canadian.
Why shouldn’t the marginalized want “Universal Basic Income” if they’ve failed to meet the test of capitalism? They’ve come to believe that they deserve a free lunch so of course they’ll be looking to you to keep them mummified in their thumb sucking ways.
Yes…that’s the term I’ll use – the “marginalized class” because it’s less likely to get me in trouble with the politically correct. You see in Canada….it’s become fashionable to get a government cheque because with a government job…governments still have this old “defined benefit pension plan”. Parents in a practical sense may not fathom entrepreneurial pursuit given the risk reward profile matched against the comfort of government bureaucracy.
Somehow within the equation of this “UBI” debate someone from the nosebleed section may just rise to the occasion and ask where governments think they are going to get the money. Someone may be astute enough to ponder whether those in business who can execute are going to be willing to continue to subsidize a lazy Canadian populous. Virtually every natural resource project in Canada is gobsmacked with regulatory hurdles in getting approved with debt financings contingent upon layers of red tape much of which is unreasonable. Factor in the mountains of government debt already needing servicing and we see a nation in trouble.
Canada is already a country fully entrenched in socialism. My confident characterization of our culture took place during the first term of the Trudeau era when the federal government began fully subsidizing the rearing of children through the lucrative “Canada Child Benefit” program. This direct subsidization of parents has apparently become the envy of any special interest groups and such program has likely had much to do with the onset of a Universal Basic Income proposal.