Hypothetical Question...

[WhyCzar]

Allowing individuals and institutions to absorb the economic change more effectively.

The rollout of the pandemic relief payments saw billions doled out to individuals and businesses on a pay-now-ask-questions-later basis.

The government's subsequent attempts to claw back pandemic funds from those it now deems ineligible set the stage for more than 1,000 battles in Federal Court between claimants and the Canada Revenue Agency.

 

[Luce NDs]

The rollout of the pandemic relief payments saw billions doled out to individuals and businesses on a pay-now-ask-questions-later basis.

The government's subsequent attempts to claw back pandemic funds from those it now deems ineligible set the stage for more than 1,000 battles in Federal Court between claimants and the Canada Revenue Agency.

All due to our propensity to follow the lie and corruption rather than virtue ... why? Because the lie is easier and under that Sous Anne ...

Anis, or Anne is a concern and sous is under .. thus that below the horizon of high wheelers ... there is probably more to this that incarnate (appears)!

 

[Pavlos Maros]

Would you compare this solution to a country with Universal Basic Income (UBI) such as Norway?

Norway does not actually have Universal Basic Income (UBI). While Norway has a comprehensive social welfare system and sovereign wealth fund (the Government Pension Fund of Norway), it does not have a true UBI program where all citizens receive regular, unconditional payments.

As such Instead of comparing to Norway, phased distribution is more similar to real examples like Social Security's gradual rollout in 1930s America, Alaska's annual oil revenue payments to residents, or the actual UBI pilots in Finland, Canada, and Kenya. These cases better demonstrate how gradual wealth distribution can work in practice.

 

[JayneWonders]

Although some would act as @Mendalla indicated, we also see lottery winners who splurge their money in drugs, alcohol, hot sex, gambling. I'm thinking that there would be industries that would develop to "help" you use the money. Others that would spring up to help you save it.
there would likely be challenges over who was entitled, so lots of lawsuits, and lawyers -- did you have to be a canadian at time of their death or when announced, etc. what about planned c-sections, a bit early, to be able to ensure your child got the money .

In every action, there are consequences. Some will be intentional , some will be good....but, humans being humans, there will also be those that take advantage of those who are less able to care for them.

What about that homeless person who has mental health challenges, and now is able to access 1 million
What aout that senior with dimentia in the old age home
What about that person who is considering MAID, and is now going to try to delay to get the money
hmm, what about the person who is just less capable, and so, those who are slimeballs can take advantage of them.

1 million seems a lot, but, it isn't enough to stop people from wanting more. from wanting someone else's million

 

[Jaebius]

1 million seems a lot, but, it isn't enough to stop people from wanting more. from wanting someone else's million

That reminds me of Ecclesiastes 5:10, "People who love money never have enough. They may get more and more valuable things, but they are never happy. This also has no purpose." (EASY)

 

[JayneWonders]

(and the math was off. a billionaire could give every canadian a $1000. As indicated, it would require significantly more money
The richest canadian has 67billion.
That is about 2000 per canadian.

now, what is the impact of that person divesting themselves of all assets .
lots of interesting spins

 

[WhyCzar]

How do you think this would change Canada, our lives, our economy our life?

Personally if I was handed 1 million my first buy would be a real time translator device to
take with me on a road trip along the Pan-American Highway. Through Mexico and Guatemala (where I would apply for a Guatemala Pensionado Visa) and then on to El Salvador. I am still looking for the perfect place to retire and a million dollars would afford me a nice location finding vacation for starters.

 

[JayneWonders]

Try Costa rica

 

[Luce NDs]

Do billionaires seem like a target for people who cry out for need?

Thus the tough skin to avaid seeing, hearing or speaking about the corrupting influence of excess and extremes ... no processing medium?

Then we live in an imperfect word because perfectionists are suppressed ... don't even consider better times ... thus limiting factors!

Factor is an interesting word ... like inconvenient FAX!

 

[Mendalla]

Try Costa rica

I knew someone in my UU days who retired to a community of Canadian and American ex-pats in Mexico. That's probably less appealing now given the gang problems there in recent years. Costa Rica would be nice. Been there twice on vacations.

 

[jimkenney12]

One problem with Costa Rica is the rising costs there. In tourist areas, meals and food tend to be a bit higher than prices in Canada. Another problem is finding an area with services but not significant crime.