The National Framework for a Guaranteed Livable Basic Income Act plans to establish a program providing a guaranteed livable income to Canadians aged 17 and older, including various groups like temporary workers and refugees. This initiative requires consultations across multiple sectors to determine what constitutes a livable income in different regions.
Individuals living in poverty or facing employment barriers may benefit from this program, including low-income workers, individuals with disabilities, and Indigenous communities. On the flip side, taxpayers may experience increased financial responsibilities due to potential government spending to fund this initiative.
Implementing this program is expected to significantly increase government spending, which could lead to higher taxes. The financial burden might divert funds from other vital health and social services, potentially leading to gaps in existing support systems. Furthermore, there is concern over how this new expense will affect provincial budgets, as costs could vary by region.
Supporters believe this act is crucial for reducing poverty and providing stability. They argue that a guaranteed livable income promotes inclusivity, dignity, and health for vulnerable populations. By removing participation requirements, the program could support those who face barriers to traditional employment, fostering a more equitable society.
Critics argue that the financial implications are unsustainable and could lead to increased government debt. They express concern that the funding for this initiative might detract from other essential services, exacerbating issues in healthcare and social support systems. Additionally, they worry that such a program may create dependency on government aid, undermining the motivation for individuals to seek employment. Furthermore, discrepancies in defining a "livable" income across regions may lead to unequal benefit distribution, raising fairness concerns.
That the bill be now read a second time and referred to the Standing Committee on Human Resources, Skills and Social Development and the Status of Persons with Disabilities.