Hello! Im sorry if you answered this before. It m all for UBI, but I was wondering how the government could afford it? Especially with the economy crashing, no jobs, increased government spending. Sorry if you answered this already!
The NDP proposed a very low wealth tax in the last federal election that would generate about $7 billion dollars per year. This was set at just 1% for those earning over $20 million dollars.
Set that at 5% and you’re looking at revenues at 35 billion dollars per year.
That won’t pay for all of it, but it is a significant sum of money, and more taxes on the rich could be implemented and corporate tax giveaways revoked.
https://thetyee.ca/Opinion/2019/10/09/Tax-Billionaires-No-Brainer/













