The math is that if Canada were to spend $3.6 billion more per year to reduce poverty with a guaranteed basic income, they would spend at least $32 billion less on the costs of poverty.
An ounce of prevention is worth a pound of cure.
An ounce of prevention is worth a pound of cure.
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UBI Works
New PBO Report estimates a Guaranteed Basic Income can reduce poverty by 40% nationwide at a net cost of just $3.6B/year and 1% impact on hours worked.
Poverty costs Canada $80B+/year.
Poverty costs Canada $80B+/year.
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