Friday, 10 August 2018

Ontario’s basic income plan was welfare state on steroids but it didn’t have to be

Work by Kevin Milligan, a UBC economist, was quoted in a Financial Post column on Ontario’s basic income plan.

“The Ontario plan stacks a 50 per cent phase out rate on top of the existing 20 per cent income tax rate on low earners. If you add in CPP and EI payroll taxes and the phase out of income-tested child benefits, we could see Basic Income recipients retain only 10 cents on a dollar of earnings,” Milligan wrote.

The story also appeared in The Province.



Read more from UBC https://news.ubc.ca/2018/08/10/ontarios-basic-income-plan-was-welfare-state-on-steroids-but-it-didnt-have-to-be/

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