Ontario has announced it could soon be sending a monthly cheque to its residents as it plans to launch an experiment testing the basic income concept. While officials in the Canadian province are yet to release any specific details of the project – including how much will be given to residents who participate – the finance ministry has published a report confirming the government’s intention to roll out the experiment. The general concept of basic income involves a government handing out a flat-rate income to every single citizen within a country, either by replacing existing benefits or to top them up. Proponents of the idea say it would save on welfare administration costs, reduce the poverty traps of traditional welfare states, be fair to people who have jobs, and give people more autonomy in general.
Canadian province Ontario plans to trial universal basic income | The Independent
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