Thread by @ubi_works, New report shows #BasicIncome can speed up Canada's recovery & grow the [...]

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New report shows #BasicIncome can speed up Canada's recovery & grow the economy sustainably:

$80B/yr in GDP

600K jobs

$15B/yr business investments to expand/hire

$32B/yr in total wages

3.2M families out of poverty

Report & Highlights: http://UBIWorks.ca/groweconomy

#ubiworks

1. #BasicIncome can grow the economy and create jobs.

It could grow Canada’s economy $80B/year — like adding Saskatchewan's economy, or tourism+hospitality industries combined every year— and create 600,000 jobs in 5 years. #ubiworks

http://UBIWorks.ca/groweconomy

2. #BasicIncome can be good for business.

Money in Canadians’ hands will be spent in local economies, causing businesses to increase private capital investments up to $15B/year — more than 2x Canadian venture capital investments a year. #ubiworks

http://UBIWorks.ca/groweconomy

3. #BasicIncome is a raise for working Canadians.

Economic activity from Basic Income would cause businesses to hire, spending more on total wages by up to $32B/year — and could increase disposable income $122B for the bottom 60% by income. #ubiworks

http://UBIWorks.ca/groweconomy

4. #BasicIncome can be a self-sustaining investment.

Basic income could grow the economy more than it costs in the long term, making this a sustainable investment over time. #ubiworks http://UBIWorks.ca/groweconomy

New Report: Basic Income can Accelerate Canada's recovery & grow our economy sustainably and

A new report by the Canadian Centre for Economic Analysis shows how Basic Income could speed up Canada's recovery and grow our economy sustainably, while ending poverty and growing the middle class....

http://UBIWorks.ca/groweconomy

5. #BasicIncome could do all this ending poverty and growing the middle class.

Basic Income could grow the economy sustainably while lifting 3.2 million families out of poverty , including 129,000 lone-parent families (85% women-led). #ubiworks

http://UBIWorks.ca/groweconomy

Toronto Star Coverage of this report on #BasicIncome kickstarting the economy: https://www.thestar.com/news/gta/2020/12/09/basic-income-hailed-as-key-in-kickstarting-the-economy-in-a-post-pandemic-canada.html

#ubiworks

Basic income hailed as key in kickstarting the economy in a post-pandemic Canada

A new report by the Canadian Centre for Economic Analysis finds that a universal basic income could “essentially eliminate poverty in Canada” while al...

https://www.thestar.com/news/gta/2020/12/09/basic-income-hailed-as-key-in-kickstarting-the-economy-in-a-post-pandemic-canada.html

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