The Conversation
Over half of Canadians feel “financially paralyzed” by the cost-of-living crisis, according to a recent poll. As life becomes more unaffordable for more people, we need governments to create policies that will improve public health and well-being.
One such policy is a basic income guarantee: an unconditional cash transfer from government to ensure people can meet their basic needs and live with dignity.
A basic income guarantee differs from the universal basic income (UBI) model often discussed. While a UBI is set at the same amount and made available to everyone, a basic income guarantee is targeted to those need it, through a benefit that rises as income declines.
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