Reduce income gap through guaranteed annual income, former Tory senator says

Global News

The rich are getting richer and Oxfam International says there’s no sign that’s going to change in the near future. The agency predicts the richest one per cent of the population will own more than half the world’s wealth by 2016.

“Do we really want to live in a world where the one per cent own more than the rest of us combined?” Winnie Byanyima, Oxfam’s executive director, said in a statement.

Among the organization’s suggestions to reduce inequality in the world is an idea that has been around for decades: a guaranteed annual income.

READ MORE: Rich get richer, and Canadian companies want their business

The idea is simply that the government provides everyone with enough money to ensure they don’t fall below the poverty line.

It might sound radical but it’s been tried before in Canada. An experiment ran in Dauphin, Manitoba between 1974 and 1978 to see if…

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About plerudulier

Primarily interested in interacting and engaging with people about issues related to profession but also charity, environment, ... you get the idea.

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